If a Firm Adjusts Its Strategy to Ensure It Is

question 18

Multiple Choice

If a firm adjusts its strategy to ensure it is consistent with its external environment, it benefits from a:

• A)Strategic fit
• B)Strategic leader
• C)Benign environment
• D)Political and social fit

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Definitions:

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Point C

Typically refers to a specific point on a curve in economics, often used in graphs to demonstrate concepts like optimal production levels or economic equilibrium.

Opportunity Cost

The sacrifice made by not opting for the next prime selection during decision-making.

Point C

Typically refers to a specific point on a graph or model in economics, which could denote a particular state or condition in an economic analysis.