Resources Are Valuable Because They Enable a Firm to Formulate

question 79

True/False

Resources are valuable because they enable a firm to formulate and implement strategies to exploit opportunities, minimize threats, and improve its efficiency and effectiveness.

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Definitions:

Emotional Components

The aspects of emotions, including physiological arousal, expressive behaviors, and subjective feelings, that together constitute emotional experiences.

Biological Processes

Natural operations or functions related to living organisms and their components.

Construct

An intellectual hypothesis that we devise and use to interpret or explain life events. Constructs are bipolar, or dichotomous, such as tall versus short or honest versus dishonest.

Reality

The state or quality of having existence or substance, often distinguished from illusions or fantasies.