In 1990,CK

question 24

Multiple Choice

In 1990,C.K.Prahalad and Gary Hamel introduced the concept of "core competence." Their argument was that:

• A)Competence was more important than capability as a basis for sustainable competitive advantage
• B)Management should accumulate the resources that form the basis of competences
• C)Strategy should be focused on both developing and exploiting firms' distinctive capabilities
• D)Competitive advantage rather than industry attractiveness was the primary source of superior profitability

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Definitions:

Federal Funding

Government funds provided to projects, programs, individuals, or entities typically through grants, loans, or direct payments.

Expenditure Limits

Financial restrictions imposed by governments on how much can be spent in a certain period or on a specific project to prevent overspending.

Political Action Committee

An organization that raises and spends money to influence elections or legislation, particularly in the United States.

Public Funding

Financial support from government revenue to projects or organizations that serve the public interest.