A Firm's Strengths That Cannot Be Easily Matched or Imitated

question 34

Multiple Choice

A firm's strengths that cannot be easily matched or imitated by competitors are called

• A)special properties.
• B)external audits.
• C)distinctive competencies.
• D)internal audits.
• E)internal properties.

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Definitions:

Production Activity

The operations involved in the manufacturing of goods, including tasks from raw material processing to the final product assembly.

Physical Flow

The movement of goods and materials through a production process or supply chain.

Accounting

The process of recording, classifying, summarizing, and interpreting financial transactions and events to provide relevant information for decision-making.

Journalize

Refers to the process of recording business transactions in the journal as part of the accounting cycle.