An Organizational Routine Is

question 52

Multiple Choice

An organizational routine is:

• A)A stable,repeatable,pattern of coordinated activity among organizational members
• B)A lower-level,operational capability,as opposed to a dynamic capability which tends not to be routinized
• C)The resource needed to create a new capability
• D)A new capability after it has been institutionalized within an organization

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Definitions:

Oligopoly Market

A market structure characterized by a small number of large firms dominating the market, with significant barriers to entry for new competitors.

Marginal Revenue Curve

The marginal revenue curve represents the change in total revenue that results from selling one more unit of a product.

Crude Oil Production

The process of extracting oil from underground reservoirs and preparing it for refining into usable products such as gasoline, diesel, and other petrochemicals.

Effective Collusion

coordination between competing firms to control prices or market shares in a way that benefits the entities involved, often at the expense of fair market competition.