Noncore Competencies of an Organization Are Typically

question 6

Multiple Choice

Noncore competencies of an organization are typically:

• A)the first things to be outsourced to access supplier expertise.
• B)the same for companies in the same industry.
• C)dependent on the staff performing the tasks.
• D)seldom outsourced because they contribute to competitive advantage.
• E)flexible and easily changed depending on who is in charge.

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Definitions:

Production Function

An equation or graph that shows the output generated from different combinations of inputs, usually focusing on labor and capital.

Marginal Product

The increase in output that results from an additional unit of input.

Returns to Scale

Refers to the rate at which output increases as inputs are proportionately increased, categorizing into increasing, constant, or decreasing returns.

Carpet Industry

The sector of the economy specialized in the manufacture and sale of carpets and rugs.