The Notion of "Strategic Fit

question 14

Multiple Choice

The notion of "strategic fit"

• A)does not mean much, and is a common statement made in strategic literature.
• B)implies coherence between resources, capabilities, structure and systems.
• C)expresses how well a firm's strategy fits its internal and external environment.
• D)b and c.

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Definitions:

Parallel Shift

Parallel shift is a concept in economics where a graph, such as a demand or supply curve, shifts left or right without changing its slope, indicating a uniform change in demand or supply.

Budget Line

A line that shows the different combinations of two products a consumer can purchase with a specific money income, given the products’ prices.

Consumer's Level

Refers to the consumption patterns, preferences, and purchasing power of individuals or households within an economy.