Credible Commitments Refer To

question 39

Multiple Choice

Credible commitments refer to:

• A) believable promises that support the development of a long-term relationship between companies.
• B) the merging of two companies that have an equal market share.
• C) to obtaining of goods, services or works from an external source.
• D) the acquisition of one company by another company.
• E) the outsourcing of after-sale services to a different company.

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Definitions:

Societal Pressure

The influence that society exerts on individuals or organizations to conform to certain norms, behaviors, or expectations.

Financial Crisis

A situation in which the value of financial institutions or assets drops rapidly, leading to a loss of confidence and potentially economic collapse.

Hybrid Cloud

A computing environment that combines a private cloud with one or more public cloud services, with proprietary software enabling communication between each distinct service.

Market Pressure

Forces exerted by external stakeholders, such as competitors, customers, and economic conditions, that influence a company's strategy and operations.