When Can Core Businesses Change

question 49

Multiple Choice

When can core businesses change?

• A) when customers demand it
• B) when a firm updates their software
• C) when a firm's competencies change
• D) when a firm outsources

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Definitions:

Frustration

A legal doctrine freeing both parties from their contractual obligations if an unexpected event renders the contract impossible to fulfill.

Contract Law

The body of law that governs the formation, performance, and enforcement of agreements between parties.

Statute

A written law passed by a legislative body.

Equitable Remedies

Court-imposed solutions based on fairness to resolve a dispute, including injunctions and specific performance.