A(n)____________ Refers to Any Capability to Leverage and Develop More

question 2

Multiple Choice

A(n) ____________ refers to any capability to leverage and develop more from the organisation's existing assets in a way that will provide it with a sustained competitive advantage.

• A) external opportunity
• B) internal strength
• C) dynamic capability
• D) cooperative strategy

Understand the concept of equilibrium strategies in game theory.

Differentiate between cooperative and noncooperative games.

Identify dominant strategies for players in a game.

Analyze strategic decision-making in auctions.

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Definitions:

WTO

The World Trade Organization (WTO) is an international organization that regulates international trade between nations.

International Trade

The exchange of goods, services, and capital between countries or territories, enhancing global economic growth, extending markets, and driving competition.

Specialization

A strategy where individuals or entities focus on a narrow area of expertise to increase efficiency and productivity.

Off-shoring

The practice of relocating a company's business process or production to a foreign country to reduce costs.