Capabilities

question 68

Multiple Choice

Capabilities:

• A) tend to be developed through firm-wide interactions and reside in the firm as a whole.
• B) tend to be concentrated in the support activities of the value chain.
• C) tend to be concentrated in the primary activities of the value chain.
• D) are often developed in specific functional areas.

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Definitions:

Cereals

Grasses cultivated for the edible components of their grain, like wheat, maize, rice, and oats, which are a staple food in many cultures.

Protectionism

A call for tariffs and favourable treatments to protect domestic firms from foreign competition.

Foreign Competition

The presence of competitors from other countries in a domestic market, highlighting the global nature of the market and challenges for local firms.

Tariffs

Taxes imposed on imported or, less commonly, exported goods, used by governments to regulate trade, protect domestic industries, or generate revenue.