___ Is Especially Important in the Demanding Global Economy Because

question 25

Multiple Choice

___ is especially important in the demanding global economy because nowhere in the world can managers rest on past successes and ignore what others are doing, either at home or abroad.

• A) Core advantage
• B) Market advantage
• C) Strategic advantage
• D) Competitive advantage
• E) Management advantage

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Definitions:

Promotes Innovation

Encourages or facilitates the introduction of new ideas, products, or methods, fostering a culture of creativity and advancement.

Inhibits Innovation

Refers to factors or mechanisms that obstruct or slow down the process of creating new ideas, products, or methods.

Public Organizations

Entities that are owned, operated, and funded by the government, serving the public interest and providing services to citizens.

Creativity

The use of imagination or original ideas to create something; inventiveness in thinking or problem-solving.