The ability to adapt to change is a major determinant of business success or failure in a free enterprise system.

Question

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In a free enterprise system, businesses must be able to adapt to changes in the market, competition, technology, and other factors in order to thrive and stay competitive. Those that cannot adapt and innovate are likely to fail. Therefore, the ability to adapt to change is a major determinant of business success or failure in a free enterprise system.

The Ability to Adapt to Change Is a Major Determinant