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:

Low-Priority Tasks

Tasks that are deemed less important or urgent, often scheduled after high-priority work.

Time Management Skills

The ability to use one's time effectively or productively, especially at work, through planning and exercising conscious control over the amount of time spent on specific activities.

Heterogeneous Needs

Diverse requirements or desires of customers or clients, reflecting the variation in their preferences, situations, or circumstances.

Account Segmentation

The process of applying different selling strategies to different customers.