How Are Organizational Strategies Related to Core Competencies

question 9

Multiple Choice

How are organizational strategies related to core competencies?

• A) Competencies are the tactics managers use to take advantage of strategies
• B) Competencies and strategies are an integral part of organizational vision
• C) Strategies help managers exploit competencies
• D) Strategies and competencies are actually two ways of expressing the same idea

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Definitions:

Indifference Curve

An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility.

Normal Good

A good for which demand increases when income increases and falls when income decreases, all other factors being equal.

Income Increased

A rise in the amount of money earned from work, investments, or other sources.

Consumption of Strawberries

Refers to the amount of strawberries that are eaten or used by consumers within a specific period.