When an Industry Is Subject to Externally Generated Changes,the Firms

question 33

Multiple Choice

When an industry is subject to externally generated changes,the firms which are most likely to establish a competitive advantage are:

• A)Those with the highest market share
• B)Those that that respond most quickly to the change and have the resources and capabilities that are most closely aligned to the emerging success factors
• C)Those with the greatest agility and capacity for innovation
• D)A combination of (a), (b),and (c).

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, which develops in early infancy.

Existence

The state or fact of having objective reality or being, encompassing all entities, events, or phenomena that are considered real or conceivable.

Substance

In the context of health and psychology, often refers to psychoactive drugs that can affect mental processes and that may be subject to abuse.

Self-Concept

An individual's perception of self, encompassing beliefs, feelings, and thoughts about one's identity and abilities.