In Which Criterion Is an Organization Deemed Effective If It

question 7

Multiple Choice

In which criterion is an organization deemed effective if it has gained the necessary factors of production such as raw materials,labour,capital,and managerial and technical expertise?

• A) goal accomplishment approach
• B) internal process approach
• C) resource acquisition approach
• D) strategic constituencies approach
• E) competitive satisfaction approach

Recognize the role of flower parts in plant reproduction and pollination.

Understand the basic concepts of competitive advantages and how firms identify them.

Know the first steps in identifying competitive advantages from both a market-based and a resource-based perspective.

Comprehend the differences between market-based and resource-based views of strategy development.

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Definitions:

Oil Refineries

Oil refineries are industrial processing plants where crude oil is transformed and refined into more useful products like gasoline, diesel, and other petrochemicals.

Poor Communities

Social groups or areas characterized by a lack of financial resources and access to basic needs, often resulting in higher rates of poverty and inequality.

M3

Represents an even broader definition of the money supply, including M2 plus larger time deposits, institutional money market funds, and larger liquid assets.

M2

An expansive categorization of money that encompasses cash, checking deposits, and forms of near money that can be easily converted into cash or used for payments.