Firms with Few Competitive Resources Than the Acting Firm Are

question 44

Multiple Choice

Firms with few competitive resources than the acting firm are more likely to:

• A) not respond to competitive actions.
• B) respond quickly to competitive actions.
• C) delay responding to competitive actions.
• D) respond to strategic actions, but not to tactical actions.

---

Definitions:

Mutually Exclusive Events

Events that cannot happen at the same time in any given experiment or observation.

Independent Events

Two events are independent if the occurrence of one does not affect the probability of the occurrence of the other.

Technological Uncertainty

The unpredictability associated with the development or integration of new technologies due to unknown factors or outcomes.

Project Execution

The phase in project management where plans are put into action and physical work is carried out to achieve project objectives.