In Order to Cope with Hypercompetition, Firms Need to Develop

question 44

Multiple Choice

In order to cope with hypercompetition, firms need to develop __________ through continuous learning.

• A) competitive resilience
• B) strategic flexibility
• C) strategic power
• D) competitive dominance

---

Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded before summarizing them into ledgers.

Journalizing

The process of recording transactions in a journal or diary in chronological order before they are posted to ledgers.

Post Reference Notation

A notation in a ledger to indicate the source of each entry, facilitating the traceability and verification of transactions.

Ledger

A book or electronic record used to record all of a company's financial transactions in accounts.