Apple Has Been Able to Reshape Its Environment by Introducing

question 7

Multiple Choice

Apple has been able to reshape its environment by introducing products such as the iPhone and the iPad that transcend the traditional boundaries between the cell phone, digital camera, music player, and computer businesses. This is an example of _____ for explaining a firm's competitiveness.

• A) resource-based theory
• B) enactment
• C) transaction cost economics
• D) environmental determinism
• E) institutional theory

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Definitions:

Errors and Omissions

A type of professional liability insurance that protects companies and individuals against claims made by clients for inadequate work or negligent actions.

Strictly Liable

A legal principle where a party is held responsible for damages or loss, regardless of fault or intent.

Property Owner

An individual or entity that legally owns land, buildings, or both, holding rights to use, rent, sell, or manage the property as they see fit.

Conduct

The manner in which a person behaves, especially in a particular place or situation.