Firms with _____ Have the Ability to Learn and Adjust

question 12

Multiple Choice

Firms with _____ have the ability to learn and adjust to circumstances in order to seize opportunities while dealing with competitive threats at the same time.

• A) dynamic capability
• B) strategic compliance
• C) expansive public policy
• D) judicial independence

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, are subtracted from total revenue.

Revenue

The income received by a company from its business activities, usually from the sale of goods and services to customers.

Expenses

Money spent or cost incurred in an entity's efforts to generate revenue, representing the cost of doing business.

Liability

An obligation of the company that arises from past transactions or events, leading to a probable future sacrifice of economic benefits.