Capabilities That Other Firms Cannot Develop Easily Are Classified As

question 34

Multiple Choice

Capabilities that other firms cannot develop easily are classified as:

• A)rare
• B)valuable
• C)non-substitutable
• D)costly to imitate

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Definitions:

Labor

The utilization of human physical and intellectual capacities in the generation of goods and services.

Plausible

Seeming reasonable or probable under the circumstances.

Production Function

A mathematical model that describes the relationship between inputs used in production and the resultant output.

Maximum Output

The highest amount of production that a company can achieve within a given period with the available resources.