The Tendency of Existing Firms to Be Slow to Respond

question 16

Multiple Choice

The tendency of existing firms to be slow to respond to changes in the industry environment due to their large size,established routines,or prior strategic commitments to existing suppliers and customers is known as:

• A) monopoly costs.
• B) path dependency.
• C) incumbent inertia.
• D) technology trajectory.

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Definitions:

Dipole Moments

A measure of the separation of positive and negative electrical charges within a molecule, affecting the molecule's polarity.

Carboxylic Acids

Organic compounds characterized by the presence of a carbonyl group (C=O) bonded to a hydroxyl group (-OH).

Amino Acids

The building blocks of proteins, consisting of an amino group, a carboxylic acid group, and a unique side chain.

Hydrophobic

Describes molecules or substances that repel water or do not mix well with water, often due to the lack of polar groups.