Examlex

Solved

A __________ Is Something That an Organisation Does Extremely Well

question 23

Multiple Choice

A __________ is something that an organisation does extremely well, which may give a company an advantage over its competition.


Definitions:

Long-Run

A term referring to a period of time in economics during which all factors of production and costs are variable.

Short-Run

A period where at least one factor of production is fixed, and firms can only adjust the variable factors.

Diminishing Marginal Returns

A principle stating that as an investment in a particular area increases, the rate of profit from that investment, after a certain point, starts to decrease.

Monitoring

The regular observation and recording of activities taking place in a project or program, for oversight and evaluation purposes.

Related Questions