✅Option A is correct—Dynamic Capability Theory helps companiesadjust their competenciesto market changes.✅Option B is correct—Dynamic capabilities contribute tocompetitive advantage.✅Option D is correct—Information sharingwithin the supply chain is key tobuilding dynamic capabilities.
????Option C is incorrect—Dynamic Capability Theory doesnot focus on cost reduction, but rather onagility and responsivenesstomarket changes.
Note:This section also coversPorter’s 5 Forces, STEEPLE, and the Product Life Cycle, which are important topics for revision!
(See LO 2.1, p.88)
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