Examlex
Discuss the implications for the strategist in the context of corporate governance and sustained competitive advantage.
Factors of Production
The resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.
Coordinate Economic Activity
The process of organizing and managing various facets of the economy to ensure efficient and effective functioning.
Technology Used
Refers to the application of scientific and technical knowledge to production processes to improve efficiency, increase output, or create new products.
Quantity and Quality
Refers to the amount and the standard of a product or service, indicating its overall value or suitability.
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