Lavender Furniture Established Itself in 1965 as a Small Firm

question 37

Multiple Choice

Lavender Furniture established itself in 1965 as a small firm.It was situated on a small stretch of land located miles away from the town.Over the years, due to the high quality of its products, it acquires enough profits to own multiple assets, such as a bigger plot and machinery, recruit employees and establishe itself as a brand.Which of the following is an element of the strategic management process that Lavender Furniture has acquired?

• A) Values
• B) Resources
• C) Capabilities
• D) Fame

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Definitions:

Assimilate

The process by which an individual or group takes in and fully understands information or ideas, also can refer to the integration of people into a culture or society.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can hamper performance in various domains.

Ethnic Identity

An individual's sense of belonging to a specific ethnic group, including aspects of culture, tradition, language, and religion.

Alienation And Assimilation

Processes through which individuals or groups become foreign to their own culture or integrate into another culture, respectively.