In Fast Changing Environments

question 41

Multiple Choice

In fast changing environments

• A)a firm should focus on its oldest markets.
• B)a firm may define itself by its resources and capabilities.
• C)both a and b.
• D)neither a nor b.

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Definitions:

Performance Duty

The obligation of a party to a contract to fulfill the terms of the agreement as specified.

Contract Right

A legal entitlement embedded within a contract that grants parties specific abilities or enforces particular obligations.

Defenses

Legal arguments and strategies used in court to justify, excuse, or mitigate an accused party's liability or wrongdoing.

Unconditionally Assigns

The act of transferring all rights and interests in a property or contract to another party without imposing any conditions.