To Be Strategically Flexible on a Continuing Basis and to Gain

question 5

Multiple Choice

To be strategically flexible on a continuing basis and to gain the competitive benefits of such flexibility, a firm has to develop the capacity to:

• A)understand customer needs
• B)learn
• C)work closely with suppliers
• D)observe competitors carefully

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Definitions:

Individualist Cultures

Societies that emphasize the needs and goals of the individual over the collective group.

Collectivist Cultures

Societies or cultures that prioritize the group over the individual, emphasizing community, cooperation, and shared values.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Self-Esteem

An individual's subjective evaluation of their own worth, characterized by attitudes of approval or disapproval about oneself.