Primary Activities Are

question 26

Multiple Choice

Primary activities are

• A) the activities most likely to be imitated by competitors.
• B) involved in a product's physical creation, its distribution, and its service after the sale.
• C) the core competencies of the organization.
• D) the activities most crucial to implementing the firm's business strategy.

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Definitions:

Nonprogrammed Decision Making

A decision-making process that deals with unique, non-routine, and complex problems requiring creative solutions.

Escalation of Commitment

The phenomenon where individuals or organizations continue to invest in a decision despite evidence of its ineffectiveness, often to justify previous investments.

Dollar Cost Averaging

An investment strategy that involves regularly investing a fixed amount of money, regardless of the share price, to reduce the impact of volatility.

Framing Error

A cognitive bias involving the presentation or "framing" of information in a way that influences decision making or perception.