The Ability to Effectively and Efficiently Access and Use Information

question 66

Multiple Choice

The ability to effectively and efficiently access and use information is

• A)vitally important at the point where a domestic firm enters the global market.
• B)an important source of competitive advantage in virtually all industries.
• C)the minimum required for survival in virtually any industry.
• D)critically important mainly in high technology industries.

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Definitions:

Arbitrator

An independent third party who is appointed to resolve a dispute between two parties by making a decision that is binding on both.

Task Interdependence

The degree to which the work performed by one individual or group affects the work of another individual or group.

Differentiation

Differentiation refers to the process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.

Goal Incompatibility

A situation where the objectives of different individuals or groups are in conflict, leading to potential disputes or disagreements.