A Focus on Using or Recombining Existing Competencies or Building

question 1

Multiple Choice

A focus on using or recombining existing competencies or building new competencies to enter new markets helps managers think strategically about how industry boundaries

• A)tend to remain static over time.
• B)might change over time.
• C)completely disappear over five-year spans.
• D)are not important.
• E)none of these choices.

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Definitions:

Uncertain

Lacking predictability, assurance, or clarity about outcomes or consequences.

Game Theory Matrix

A tabular representation used in game theory to display the payoffs or outcomes for different strategies chosen by players in a strategic game.

Outcome

The result or effect of an action, decision, or situation, often evaluated in terms of success, failure, or impact.

Without Collusion

Refers to actions or decisions made independently among competitors in a market, without secret cooperation or agreement to manipulate market conditions.