One Method of Facilitating the Transfer of Competencies Between Firms

question 30

Multiple Choice

One method of facilitating the transfer of competencies between firms is to:

• A) Virtually integrate the two firms
• B) Transfer key people into new management positions
• C) Share support activities, such as purchasing practices
• D) Restructure the weaker firm to mirror the structure of the more successful firm

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Definitions:

Opportunity Cost

The expense incurred from not choosing the next most favorable alternative during decision-making.

Production Possibilities Curves

A graphical representation that shows the maximum attainable combinations of two goods that can be produced with available resources.

Labor Forces

The total number of people aged 16 and over who are either working or actively looking for work.

Wages

Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.