Select a Defining Characteristic of Prospector Firms

question 1

Multiple Choice

Select a defining characteristic of prospector firms.

• A) Such firms adopt strategies that focus on deepening their capabilities through technologies that extend rather than replace their current ones.
• B) They tend to adopt an early-follower strategy to grab a dominant position more from their strengths in marketing and manufacturing than from technological innovation.
• C) Executives in such firms tend to be more concerned about the opportunity costs of not taking action than they are about the potential to fail.
• D) Such firms are risk averse and tend to operate in environments that are stable and predictable.
• E) They are less innovative than defender firms because they tend to let others demonstrate solid demand in new arenas before responding.

Understand the importance and impact of interest rates on credit.

Learn about the impact of credit on the economy.

Recognize the specific vulnerabilities different groups of people have towards credit misuse.

Understand the legal framework surrounding consumer credit and rights.

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Definitions:

Hospitalization

The process of admitting a person into a hospital for medical treatment and care.

Systolic Blood Pressure

The pressure in the arteries when the heart muscle contracts and is the higher of the two blood pressure measurements, such as 120 in 120/80.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to restricted food intake and extreme weight loss.

Peripheral Edema

Swelling in the body's extremities, such as legs or arms, due to the accumulation of excess fluid.