Question

_________ is the abundance or shortage of critical organizational resources in an organization's external environment. Group of answer choices

Answer 1

The correct word for the blank space is: Resource scarcity.

Step-by-step explanation:

Resource scarcity can be defined as the lack of enough materials needed to perform a company's line of production. This problem typically pushes firms to contact suppliers outside their main area of operations so their output cannot be affected. Because of resource scarcity, various economic decisions must be made so a company can allocate resources efficiently.