What Term Best Describes Clusters of Activities That a Firm

question 24

Multiple Choice

What term best describes clusters of activities that a firm does especially well in comparison with other firms?

• A)Competitive advantage
• B)Resources
• C)Capabilities
• D)Threats to sustainability
• E)Strategic firm assets

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Definitions:

Dress Factory

A manufacturing facility where dresses are produced in large quantities.

Production Isoquants

Curves that represent combinations of various inputs that result in the same level of output, used in the analysis of production technology.

Marginal Product

The additional output that is produced by employing one more unit of a particular input, keeping all other inputs constant.

Machines

Mechanical or electrical devices that perform specific tasks or assist in completing work more efficiently.