Companies Benefit Today from Interfirm Cooperation

question 68

Multiple Choice

Companies benefit today from interfirm cooperation. One of the ways they cooperate is through networking. Another way is by seeking technological knowledge and learning new processes from exemplary firms sometimes outside their own industries. We call this:

• A) competency capturing.
• B) technology swapping.
• C) benchmarking.
• D) broadening the knowledge base.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from physiological needs to self-actualization.

School Sports

Athletic programs and activities organized by educational institutions, which promote physical fitness, teamwork, and sportsmanship among students.

Negative Feedback

Feedback that inhibits change.

Blood Sugar

The concentration of glucose in the bloodstream, critical for energy production and regulated by insulin in the body.