The Use of Distinctive Competencies in Precision Mechanics, Fine Optics

question 12

True/False

The use of distinctive competencies in precision mechanics, fine optics, and electronic imaging by Canon to enter into a new business in a new industry to produce laserjet printers is an example of leveraging competencies.

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Definitions:

Competitive Firm

A company operating in a market where there are many buyers and sellers, each with negligible impact on market prices and conditions.

Profit-maximizing

The process of adjusting production and operational variables to achieve the highest possible profit margins.

Vertical Distance

The measure of the difference in height between two points, often used in mathematics and geography.

Unit Price

The cost per unit of quantity of a product, allowing consumers to compare prices between different sized packages of the same item.