In a dynamic business environment,______ is essential.

Question

Quizplus · Accepted Answer

In a dynamic business environment, proactive change is essential. In order to stay competitive and adapt to changing market conditions and customer needs, businesses must be constantly looking for ways to improve and innovate. Maintaining the status quo or compromising ethics in decision making can lead to stagnation or ethical violations, respectively. Adverse selection refers to a specific type of market failure in which high-risk individuals are more likely to seek out insurance or loans, so it is not directly relevant to the question.

In a Dynamic Business Environment,______ Is Essential