Decisions About the Firms Internal Environment Involve

question 123

Multiple Choice

Decisions about the firms internal environment involve

• A) choices about the assets the firm needs to collect and how to best use those assets.
• B) choices about which resources should serve as the basis for capabilities.
• C) choices about how to bundle resources.
• D) choices about how to bundle capabilities.

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Definitions:

Defective Condition

A state or scenario where a product fails to meet safety or performance standards, posing risks to users or not functioning as intended.

Product Liability

The legal responsibility of manufacturers and sellers to compensate for harm caused by defective products they market.

Noneconomic Damages

Compensation awarded in a lawsuit for losses that do not have a direct monetary value, such as pain and suffering or emotional distress.

Tort Case

A legal case involving claims of civil wrongs or injuries that do not arise out of contractual obligations, seeking compensation for damages caused.