When a Company Has Become Proficient in Modifying, Upgrading, or Deepening

question 9

Multiple Choice

When a company has become proficient in modifying, upgrading, or deepening the company's resources and capabilities in response to its changing environment and market opportunities, it is called

• A) a dynamic capability.
• B) a core competence.
• C) a distinct competence.
• D) a strategic assessment.
• E) a benchmarking exercise.

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Definitions:

Interest Rate

This refers to the cost of borrowing money or the return earned on an investment, generally expressed as a yearly percentage.

Home Mortgage Loan

A loan used to purchase a residential property, secured by the home itself.

Monthly Payments

Regular payments made over a period, such as for loans or utilities, calculated on a monthly basis.

Down Payment

An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home or car, which reduces the amount needed to be borrowed.