A Business Activity That an Organization Does Particularly Well Relative

question 116

Short Answer

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

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Definitions:

Knights of Labor

A historic American labor organization founded in 1869, which aimed to include all workers, advocating for broad social reforms.

Producer Cooperatives

Businesses owned and operated by the producers and workers, with profits shared among them or reinvested in the cooperative.

Capitalism

An economic system in which capital goods are owned by private individuals or businesses, and the production of goods and services is based on supply and demand in the market.

Skilled Crafts

Professions or trades that require specific training or skills, often involving manual work, such as carpentry, plumbing, or electrical work.