The Chia Company Has Become Highly Efficient in Developing and Manufacturing

question 112

Multiple Choice

The Chia Company has become highly efficient in developing and manufacturing new chia products for the market. It far surpasses its competitors in these areas. Recently, major medical journals have started describing how chia seeds can be highly advantageous for consumer health. This is likely to give the Chia Company a ______________ because it is able to match its skills with opportunities in the marketplace.

• A) core competency
• B) competitive advantage
• C) new marketing objective
• D) market opportunity
• E) strategic advantage

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Definitions:

Units

Basic measures or quantities of a product, service, or variable used in economic analysis or transactions.

Average Fixed Cost

The average fixed cost is the total fixed expenses of a business divided by the number of units produced, showing how much fixed costs contribute to each unit of production.

Average Variable Cost

The variable cost per unit of output, determined by dividing the total variable costs by the number of units of output.

Output

The total quantity of goods or services produced or supplied by a firm or economy within a certain period.