Which of the Following Statements Fails to Bring Out the Essence

question 62

Multiple Choice

Which of the following statements fails to bring out the essence of the dynamic capabilities perspective?

• A) A firm's competitive advantage is derived from static resource or market advantages.
• B) A firm must be able to change its resource base as the external environment changes in order to sustain its competitive advantage.
• C) A firm should modify its core competencies to effectively compete in dynamic markets.
• D) A firm's external environment is rarely stable, and in many industries, change is fast and ferocious.

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Definitions:

Career

A long-term professional journey that an individual embarks on, which often includes changes in jobs, learning new skills, and progressing in job roles.

Job

Employment, typically a role performed by an individual in exchange for payment.

Money

A medium of exchange used to facilitate the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Career Interest

Personal preferences or inclinations towards specific professions or occupational areas.