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:

Research Methods

Strategies used to collect data.

Participant Observation

A qualitative research method where the researcher immerses themselves in the community or situation they are studying to observe and participate in its activities.

Semi-Covert Research

Research conducted with some level of secrecy or without fully disclosing the study's purpose to participants, often to observe behaviors naturally.

Hypothesis

An educated guess or proposed explanation made on the basis of limited evidence as a starting point for further investigation.