________ Refer to a Resource or Capability a Company Must

question 45

Multiple Choice

________ refer to a resource or capability a company must have before it can start competing in a given market.

• A) Assets
• B) Economies of scale
• C) Barriers to entry
• D) Technological requirements
• E) Fixed costs

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Definitions:

Ring Gear

A large gear that interacts with the starter motor's pinion gear to start an engine or as part of the differential in vehicles to power the wheels.

Two-speed Axles

Axle configurations allowing a vehicle to switch between two gear ratios, optimizing performance and fuel efficiency.

Double-reduction

A gear arrangement in transmissions that uses two sets of gears to significantly reduce the input speed, providing increased torque.

Single-reduction

A gear configuration where the reduction of speed and increase in torque are achieved through a single stage of gearing.