A Firm's Ability to Respond to Change

question 50

Multiple Choice

A firm's ability to respond to change:

• A)Requires just one key resource: information
• B)Impacts its competitive advantage as well
• C)Does not impact its competitive advantage
• D)Is a classic and not novel issue in strategic management

---

Definitions:

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, characterized by developments such as bipedalism, larger brains, and other physical and behavioral traits.

Human Spine

The flexible column of vertebrae extending from the base of the skull to the coccyx, critical for structural support and protection of the spinal cord.

Inward Curve

A contour or shape that bends or turns inward towards the center, opposed to bulging outward.

Lumping Species

In taxonomy, the practice of grouping together organisms that are very similar but considered distinct species, emphasizing similarities over differences.