In the Context of a Firm, Capabilities Refers to ________

question 26

Multiple Choice

In the context of a firm, capabilities refers to ________.

• A)processes the firm develops to coordinate human activity to achieve specific goals
• B)assets that the firm accumulates over time, such as plants, equipment, and people
• C)its focus on offering features, quality, convenience, or image that customers cannot get from competitors
• D)a company's primary purpose that often specifies the business in which the firm intends to compete

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Definitions:

Mental Images

Visual representations created by the brain that are not currently being viewed, often involved in memory, creativity, and planning.

Inner Sensations

Feelings or experiences that occur within an individual's body, often related to emotions or physical conditions.

Structuralism

A theory in psychology aiming to understand the structure of the mind by analyzing its components, such as perceptions and sensations.

Psychologist

A professional specialized in the study and practice of psychology, focusing on understanding mental processes and behavior.