By Emphasizing Core Competencies When Formulating Strategies, Companies Learn to Compete

question 102

Multiple Choice

By emphasizing core competencies when formulating strategies, companies learn to compete primarily on the basis of:

• A) intangible resources.
• B) their primary activities.
• C) firm-specific differences.
• D) efficiency of production.

---

Definitions:

Macroeconomy

The sector of economics study that deals with the performance, structure, and behavior of an economy as a whole, focusing on economy-wide phenomena.

Economies Grow

The process by which a nation's wealth increases over time, typically measured by the rise in its gross domestic product (GDP).

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, rather than the economy as a whole.

Descriptive Economics

A branch of economics that focuses on describing economic phenomena, without making judgments or recommendations.