Obtaining Resources from Consumers in Return for the Value They

question 36

Multiple Choice

Obtaining resources from consumers in return for the value they create is a basic tenet of the _____,which is a theory explaining why companies succeed or fail.

• A) cognitive resource theory
• B) resource-advantage theory
• C) need hierarchy theory
• D) resource curse theory
• E) resource-elaboration theory

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Definitions:

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Out-Dated Facilities

Out-dated facilities refer to buildings, equipment, or infrastructure that are old, obsolete, and no longer efficient or effective for their intended purpose.

Environmental Opportunities

Refers to circumstances in the external environment that an organization can exploit to its advantage, often related to sustainability, market trends, or regulatory changes.

New Technologies

Emerging or recently developed technological advancements, tools, or methods that potentially change existing practices or create new opportunities.