The Process of Identifying How a Firm Can Best Align

question 31

Multiple Choice

 The process of identifying how a firm can best align its resources to carve out a defensible position in the marketplace is known as

• A) scenario building.
• B) strategy formulation.
• C) contingency planning.
• D) stakeholder mapping.

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Definitions:

Negative Reinforcement

A behavior modification technique where removing an unpleasant stimulus strengthens a behavior, making it more likely to occur again.

Shaping

A method of positive reinforcement in operant conditioning that rewards successive approximations towards a desired behavior.

Secondary Learning

Refers to the learning that builds on or derives from previous knowledge or skills.

Negative Reinforcement

A response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.