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Firms That Are Not Technology Oriented Must Develop New Capabilities

question 118

Multiple Choice

Firms that are not technology oriented must develop new capabilities to survive. For example, when Amazon.com changed the face of e-retailing in the 1990s, traditional brick-and-mortar bookstores had to adapt quickly. To regain competitiveness, they had to ________, which wasn't always easy for them to do.


Definitions:

Participatory Democracy

A system of democracy in which all members of a group or community participate directly in making decisions.

Great Society

A set of domestic programs in the United States launched by President Lyndon B. Johnson in 1964 and 1965, aimed at eliminating poverty and racial injustice.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the 1930s to counteract the effects of the Great Depression.

Racial Equality

The principle or aim of ensuring equal rights and opportunities to people irrespective of their race or ethnicity.

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