Given a Rapid Rate of Change in the External Environment

question 73

True/False

Given a rapid rate of change in the external environment, the organization, its resources, and competencies present a more stable base from which to consider strategy.

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Definitions:

Original Equipment Manufacturer

Companies that produce parts or equipment that may be marketed by another manufacturer.

Hospital

A healthcare institution providing patient treatment with specialized medical and nursing staff and medical equipment.

Straight Rebuy

A situation in business procurement where a company reorders an existing product or service from the same supplier without modifications.

Modified Rebuy

A buying situation in which an organization revisits and adjusts the terms of a purchase, often because of changes in requirements, prices, or suppliers.