A major determinant of a firm's success is the extent to which it can relate functionally to the external environment.To accomplish this,the firm must have:

Question

Quizplus · Accepted Answer

A realistic self-concept is necessary for a firm to understand its strengths, weaknesses, and overall position in relation to the external environment. This awareness can help the firm adapt to changes and relate better to its customers, competitors, and other stakeholders. While the other options may be beneficial to a firm, they are not as critical as having a realistic self-concept.

A Major Determinant of a Firm's Success Is the Extent