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

Question

Quizplus · Accepted Answer

Dynamic capability is the ability of a firm to adapt and learn from its experiences to respond to changing market conditions and competitive pressures. It enables a firm to seize opportunities and deal with threats effectively, making it a key competitive advantage. The other options - strategic compliance, expansive public policy, and judicial independence - are not related to a firm's ability to learn and adjust to changing circumstances.

Firms with _____ Have the Ability to Learn and Adjust