When a Company Has Become Proficient in Modifying, Upgrading, or Deepening

question 83

Multiple Choice

When a company has become proficient in modifying, upgrading, or deepening the company's resources and capabilities in response to its changing environment and market opportunities, it is called the company's

• A)dynamic capability.
• B)core competence.
• C)distinct competence.
• D)strategic assessment.
• E)benchmarking exercise.

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Definitions:

Infinite Geometric Series

A sequence of numbers where each term after the first is found by multiplying the previous one by a fixed, non-zero number called the ratio; the sum approaches a finite limit if the absolute value of the ratio is less than 1.

Terms

Agreed-upon stipulations and conditions under which transactions or agreements are made.

Insulation Job

A task or project aimed at applying materials to buildings or structures to prevent heat loss or gain, thereby improving energy efficiency.

Annual Fuel Bill

The total expense incurred for fuel consumption over the course of a year.