Strategic Capabilities

question 9

Multiple Choice

Strategic capabilities:

• A)create competitive advantage
• B)create sustainable competitive advantage
• C)are possessed by every firm in the industry
• D)are easy to imitate or replicate

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Definitions:

Risk-neutral

Refers to being indifferent to risk, showing no preference toward either risk-taking or risk-avoidance behavior.

Payoffs

The returns or benefits gained from a decision or action, often used in the context of strategic decisions or games.

Trade-offs

The concept of sacrificing one good or action to obtain another, acknowledging that having more of one thing likely means having less of another.

Expected Value

A calculated average of all possible values in a probability distribution, weighted by their respective chances of occurrence.