If a Venture Activity Does Not Involve a Core Competency

question 6

Multiple Choice

If a venture activity does not involve a core competency, then you should consider

• A) growing the competency.
• B) outsourcing the competency.
• C) deleting the competency.
• D) None of the above.

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Definitions:

Impulse Buying

Impulse buying is the act of purchasing items on the spur of the moment without pre-planning, often driven by emotions or immediate desires.

Habitual Decision

The process of making choices based on habits or routines, rather than active decision-making or deliberation.

Buying

involves the process of acquiring goods or services in exchange for money or other assets, a fundamental activity in commerce and daily life.

Past Customers

Individuals or entities that have previously purchased goods or services from a business.