The concept of Dynamic capabilities is used by the firm to improve its core competencies.
<h3>What is the concept of
Dynamic capabilities?</h3>
This entails a firm ability to integrate and build its competencies to address rapidly changing environments.
Hence, as the firm trains its machinists constantly so that they are equipped to deal with technological advancements, it is adhering to concept of Dynamic capabilities.
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Socio cultural differences can cause trade difficulties in world markets when you speak different languages, have different customs, or have drastically different religions.
<h3>What is
Socio cultural?</h3>
For company to succeed, intercultural understanding is essential. Any business that seeks to sell products or services must have a thorough understanding of, or at the very least, fundamental awareness of, its target market. This is crucial when breaking into a new geographic market. It is helpful for a business to understand how likely consumers are to accept and ultimately buy its items when it wants to start exporting.
What is common and accepted in one society may be unique, expensive, or even immoral in another. Assessing sociocultural variables provides answers to issues like: Are they accustomed to eating vegetables every day? How do people feel about outdoor sports? Do housewives think having a microwave at home is luxurious? By exploring social behaviour and posing these queries
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Answer:
Trademark law is being violated
Explanation:
The employee is violating the trademark law.
Even though the clothing designs are original, by incorporating the same graphic symbol as that of the company, what the employee is doing is regarded as trademark violation or infringement. Trademark infringement is the unauthorized use of a service mark or trademark of another company or organization.
Answer:
external integration in the system of supply chain management are becoming more and more important for the performance of individual companies, or in a broader context, for the performance of all companies involved in the supply chain system.
Explanation:
