Functional Skills That a Firm Develops and Which Are the Foundation

question 53

Multiple Choice

Functional skills that a firm develops and which are the foundation on which a firm builds its strategy are:

• A) capabilities.
• B) resources.
• C) key success factors.
• D) comparative advantages.

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Definitions:

Technology Guru

An expert or enthusiast who is highly knowledgeable about the latest advancements in technology and can provide guidance and advice on the subject.

Space Exploration

The investigation and study of outer space through manned and unmanned spacecraft missions, aimed at discovering and understanding more about the universe beyond Earth's atmosphere.

Gasoline Combustion

The chemical process where gasoline is burned in an engine to produce energy.

Societal Responsibility

The obligation of organizations and individuals to act for the benefit of society at large, emphasizing ethics, morality, and social impact.