Dynamic Capabilities Describe Skills That _____

question 17

Multiple Choice

Dynamic capabilities describe skills that _____.

• A) are used to perform the day-to-day activities in a firm
• B) refer to extrinsic capabilities of an employee
• C) become more valuable over time through learning
• D) are used by managers to make transactional decisions

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Definitions:

Economic Rationality

The assumption that individuals make decisions based on maximizing utility or profit within constraints, following a logical and efficient approach.

Marginal Utility

The change in satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Soft Drink Dispensing

The process or equipment used for serving soft drinks, typically seen in restaurants, convenience stores, or vending machines.