Question: TRUE OR FALSE? Environmental change is: Rate at which a companys general and specific environments change Stable environment: rate of change is slow Dynamic environment:

TRUE OR FALSE?

Environmental change is: Rate at which a companys general and specific environments change

Stable environment: rate of change is slow

Dynamic environment: rate of change is fast

Punctuated equilibrium theory: companies go through long periods of stability during which incremental changes occur, followed by short periods of dynamic, fundamental change, and then a new equilibrium

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