A Central Feature of Prahalad and Hamel's Model of Business

question 46

Multiple Choice

A central feature of Prahalad and Hamel's model of business strategy is its focus on ______.

• A)functional business units within a firm
• B)core competencies within a firm
• C)core competencies of competing firms
• D)firm comparisons across industries

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Definitions:

Exclusive Territorial Distributorship

A business agreement granting one distributor the sole rights to sell a product or service within a specified geographic area.

Requirement Contracts

Contracts in which a buyer agrees to purchase a specific quantity of goods or services from a seller over a set period, often with agreed-upon terms and prices.

Per Se Illegal

Describes actions or behaviors that are considered illegal in and of themselves, without needing further examination of their context or effects.

Price Fixing

An illegal agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price or maintain the market conditions so that the price is maintained at a given level by controlling supply and demand.