14. In response to a scheme of subsidy by the state government, a company started manufacturing E-Vehicles. Some of the customers were not at ease with battery life and time consumed in recharging the battery. Some of the customers were apprehensive about frequent incidents of battery catching fire. All these resulted in half-hearted response from the customers in evolving EV market. Here, the customers' response is indicating towards which one of the limitations of strategic management?
Options
AEnvironment is highly complex and turbulent.
BStrategic management is a time-consuming process.
CStrategic management is a costly process.
DIt is difficult to estimate the competitive response to the firm's strategy.
(2 Marks)
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