Capabilities Refer to a Firm's Skill in Using Its Resources

question 65

True/False

Capabilities refer to a firm's skill in using its resources to create goods and services.

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Definitions:

Angel Investor

A financially well-to-do person who backs a beginning enterprise, usually receiving convertible debt or a portion of ownership in exchange.

Bootstrapping

A self-starting process that is supposed to proceed without external input, often used to describe startups that grow without major external funding.

Penny Pinching

The act of being very careful with money, often by trying to reduce spending.

Seed Money

Initial funding used to start a business, often provided by angel investors, friends, or family.