The ________ Framework Was Developed by Professor Richard D'Aveni to Describe

question 43

Multiple Choice

The ________ framework was developed by Professor Richard D'Aveni to describe a business environment in which no form of competitive advantage can be sustained for long because of escalating and accelerating competitive forces.

• A)five forces model
• B)generic strategies
• C)strategic intent
• D)hypercompetition
• E)factor conditions

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Definitions:

Excess Reserves

The funds that banks hold over and above the required reserve ratio set by the central bank.

Money Supply

The overall sum of financial resources present in an economy at a given moment.

Open Market Operations

are actions taken by central banks to buy or sell government securities in the open market to control the money supply and influence interest rates.

Federal Reserve Notes

The paper currency issued by the Federal Reserve System in the United States, serving as the nation's primary form of legal tender.