Strategy Needs to Take Account of Both the Requirements of the Firm's

question 22

Multiple Choice

Strategy needs to take account of both the requirements of the firm's external environment and the firm's own resources and capabilities.Resources and capabilities rather than requirements of the external environment offer a more stable basis for strategy formulation when:

• A)The firm is engaged in the exploitation of natural resources such as petroleum or metal
• B)The external environment is in a state of flux
• C)When the firm is supplying producer goods rather than consumer goods
• D)When the firm is a multinational corporation.

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Definitions:

Produced

Produced means to create, manufacture, or generate something, whether it be a physical item, an idea, or a performance.

Security Risks

Potential threats that could compromise the confidentiality, integrity, or availability of information or assets.

Filing System

An organized method of storing documents, records, or data in a way that makes retrieval easy and efficient.