Strategy Needs to Take Account of Both the Requirements of the Firm's

question 19

Multiple Choice

Strategy needs to take account of both the requirements of the firm's external environment and the firm's own resources and capabilities.Resources and capabilities rather than requirements of the external environment offer a stronger basis for strategy formulation when:

• A)The firm is engaged in the exploitation of natural resources such as petroleum or metal.
• B)The external environment is in a state of flux.
• C)When the firm is supplying producer goods rather than consumer goods.
• D)When the firm is a multinational corporation.

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Definitions:

Extravert

A personality type marked by outgoingness, sociability, and a tendency to seek stimulation from the external environment.

Social Media Habits

Patterns of behavior associated with the use and interaction on social media platforms.

Personality Research

The scientific study of individual differences in characteristic patterns of thinking, feeling, and behavior.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotionality.