Which of the Following Statements Is True of a Firm

question 60

Multiple Choice

Which of the following statements is true of a firm that creates a radical innovation?

• A)It focuses on the established knowledge base of a firm to deliver value.
• B)It relies on existing technologies and resources to create a new product.
• C)It employs a fundamentally different business model than its rivals.
• D)It aims to sustain its current product offering and revenues.

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Definitions:

Standards of Justice

Established benchmarks or principles used to evaluate the fairness or equity of actions or laws.

Sympathy Strike

A labor strike by workers in one union in support of workers in another union who are engaged in a dispute with their employer.

NFL

The National Football League, a professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Referees

Officials in sports contests responsible for enforcing the rules of the game, ensuring fair play, and in some contexts, mediating disputes between parties.