One Method of Facilitating the Transfer of Competencies Between Firms

question 31

Multiple Choice

One method of facilitating the transfer of competencies between firms is to:

• A) virtually integrate the two firms.
• B) transfer key people into new management positions.
• C) share support activities, such as purchasing practices.
• D) restructure the weaker firm to mirror the structure of the more successful firm.

---

Definitions:

Industrial Revolution

A period of major industrialization from the late 18th century to the early 19th century that transformed economies, work practices, and societies in many countries.

Guilds

Associations of artisans or merchants who control the practice of their craft in a particular town, historically significant for setting standards and protecting members' interests.

Unions

Organizations of workers that seek to defend and promote their members’ interests.

Agricultural Settlements

Communities primarily engaged in farming and agriculture, often located in rural areas.