Prahalad and Hamel's 1990 Paper

question 53

Multiple Choice

Prahalad and Hamel's 1990 paper

• A)summarized the main constraints of the external environment.
• B)summarized the strategic positioning school's point of view.
• C)won that year's nobel prize for economics.
• D)kick-started the modern resource-based view of the firm.

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Definitions:

Cycle Inventory

Inventory that companies maintain to facilitate production in batches or cycles, as opposed to continuous production.

Quantity Discounts

Price reductions offered to customers purchasing in large volumes, incentivizing bulk purchases and often used to reduce inventory holding costs.

Cycle Inventory

Refers to the portion of inventory available or planned to be available in a warehouse or distribution center for fulfilling demand during a specific period, without needing to restock.

Supply Chain

The interconnected network of entities involved in the production, handling, and distribution of goods or services from manufacturers to consumers.