The Concepts of Flexibility and Real Options Are Closely Related

question 11

Multiple Choice

The concepts of flexibility and real options are closely related to the importance of history and ________ described as potential sources of sustained competitive advantage.

• A)cost control
• B)causal ambiguity
• C)path dependence
• D)commitment

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often through education, experience, or training.

Endocrine System

The collection of glands that produce hormones regulating metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.

Thyroid Gland

A butterfly-shaped gland in the neck that produces hormones regulating the body's metabolic rate, heart and digestive function, muscle control, brain development, and bone maintenance.

Pituitary Gland

A small, pea-sized gland located at the base of the brain that produces hormones influencing growth, metabolism, and the functioning of other endocrine glands.