________ Are Actions That the Firm Not Only Does Very

question 39

Multiple Choice

________ are actions that the firm not only does very well but is so superior at performing that other firms would have difficulty matching its performance.

• A)Capabilities
• B)Competencies
• C)Core competencies
• D)Core resources

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Definitions:

Periodic Method

An accounting inventory system where updates to the inventory records are made periodically at the end of an accounting period.

Net Purchases

The total amount of purchases minus purchase returns, allowances, and discounts received during a specific period.

Gross Profit

The difference between the revenue generated from goods or services sold and the cost of goods sold (COGS), before deducting overhead, payroll, taxation, and interest payments.

Operating Expenses

Expenses incurred during the ordinary course of business operations, including costs related to sales, administration, and general activities.