Capabilities Based on Routines, Developed Through Repetition Can Lead To

question 29

Multiple Choice

Capabilities based on routines, developed through repetition can lead to:

• A)Failure
• B)Success
• C)"Competency traps", or inflexibility
• D)None of the above

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Definitions:

Credit Sales

Transactions in which goods or services are provided to a customer with an agreement to pay at a later date.

Budgeted Sales

The sales numbers a company projects to achieve in a future period, usually part of financial planning and budgeting.

Gross Margin

The difference between the sales revenue and the cost of goods sold, which shows the profitability of a company’s core activities.

Selling

The process of promoting and transferring ownership of goods or services to customers.