Which of the Following Is NOT Required for a Firm

question 32

Multiple Choice

Which of the following is NOT required for a firm to achieve strategic competitiveness and earn above-average returns from its core competencies?

• A) Core competencies must be acquired.
• B) Core competencies must be bundled.
• C) Core competencies must be internationalized.
• D) Core competencies must be leveraged.

---

Definitions:

Revenue Forgone

Potential income not earned or lost by choosing an alternative action, representing the opportunity cost of decisions.

Total Cost Method

A accounting approach that involves direct costs, indirect costs, and fixed and variable expenses to determine the overall cost of a product.

Manufacturing Costs

Expenses directly associated with the production of goods, including materials, labor, and overhead.

Total Cost Method

This method involves identifying the total cost of producing goods or services, including both fixed and variable costs.