Simplify

question 7

Multiple Choice

Simplify:

---

Definitions:

Operating Efficiencies

The capability of a firm to maximize outputs from given inputs, thereby minimizing its costs.

Competitive Advantage

The attributes or capabilities that allow an organization to outperform its competitors, typically leading to greater market share or profitability.

Technology

The application of scientific knowledge for practical purposes, particularly in industry, to create tools, systems, or methods that solve problems or facilitate processes.

Competitive Advantage

An edge that a company has over its competitors, enabling it to generate greater sales or margins and/or retain more customers.