The ________,________,And ________ Talent Is a Necessary but Not Sufficient

question 61

Multiple Choice

The ________,________,and ________ talent is a necessary but not sufficient condition for creating competitive advantages.

• A) attraction; laissez-faire; retention of
• B) observance; laissez-faire; regard for
• C) attraction; development; retention of
• D) observance; development; hands-off approach to

---

Definitions:

Demanded Design

A design approach or product feature specifically requested or sought after by consumers or the market.

Consumer Surplus

The variance between the amount consumers are ready to spend on a good or service and the actual amount they pay.

Efficiency

The degree to which resources are used effectively and waste is minimized, often aiming at maximizing output from given inputs.

Highest-value Bidder

The participant in an auction willing to pay the most for the item up for bid.