When a Company Has Become Proficient in Modifying,upgrading,or Deepening the Company's

question 1

Multiple Choice

When a company has become proficient in modifying,upgrading,or deepening the company's resources and capabilities,it is called

• A) a dynamic capability.
• B) a core competence.
• C) a distinct competence.
• D) a strategic assessment.
• E) None of these.

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Definitions:

Monopolistic Seller

A market scenario where a single seller dominates the market, having substantial control over the prices and the supply of a product or service.

Purely Competitive

A market structure characterized by many buyers and sellers, where no single entity can influence the market price.

Resource Demand

The desired quantity of a resource that businesses and individuals are willing and able to consume at a given price.

Demand Factors

Elements that influence the quantity of a product or service consumers are willing to buy at a given price, such as income levels, tastes, and price of substitutes.