Examlex
A firm has a distinctive competency when it is able to outperform the competition, providing customers with a desired benefit the competition does not.
Coordinating
The organization and alignment of activities, processes, or efforts to ensure efficient and effective achievement of goals or outcomes.
Managing
The process of planning, organizing, leading, and controlling resources to achieve specific goals.
Long-Run Average Total Cost Curve
A curve that shows the lowest possible cost of producing different levels of output when all factors of production, including capital, can be varied.
Unit Costs
The investment required by a company to develop, keep, and trade one instance of a specific product or service.
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