Which of the Following Statements Best Describes a Firm's Capabilities

question 44

Multiple Choice

Which of the following statements best describes a firm's capabilities?

• A)They represent how firms do things.
• B)They depict a firm's strength relative to its competitors.
• C)They explain why firms allocate critical resources to achieve key objectives.
• D)They refer to what a firm employs to create value and competitive advantage.

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Definitions:

Challenging Circumstances

Situations that pose difficulties or obstacles that require effort and adaptation to overcome.

Performance Orientation

An orientation in which one focuses on winning rather than achievement outcomes, and happiness is thought to result from winning.

Achievement Outcome

Achievement outcome refers to the results or accomplishments achieved following efforts or activities, often used in educational and professional contexts.

Winning

Achieving a position of victory in a competition, contest, or challenge.