Omicron Artificial Intelligence Is Able to Respond Quickly to Competitors

question 35

Multiple Choice

Omicron Artificial Intelligence is able to respond quickly to competitors' actions and to opportunities in the marketplace, which gives it a competitive advantage.This is an example of:

• A) agility.
• B) a core competency.
• C) flexibility.
• D) responsiveness.

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Definitions:

Advertising Expense

The cost incurred by a business to promote its products, services, or brand through various media channels.

Direct Labor

The workforce costs that are directly attributable to the production of goods or services, such as wages for factory workers.

Factory Overhead

Factory overhead encompasses all indirect costs associated with manufacturing, including utilities, depreciation, and maintenance expenses.

Direct Materials

Raw materials that can be directly attributed to the production process of a product.