________ Refer to a Resource or Capability a Company Must

question 45

Multiple Choice

________ refer to a resource or capability a company must have before it can start competing in a given market.

• A) Assets
• B) Economies of scale
• C) Barriers to entry
• D) Technological requirements
• E) Fixed costs

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Definitions:

Efficiency

The ability to accomplish a task or goal using the least possible amount of time, effort, or resources.

Financial Crisis

A situation where the value of financial institutions or assets drops significantly, often leading to panic or economic downturn.

Employee Skills

Refers to the abilities and competencies that individuals possess, which enable them to perform specific tasks and roles effectively within a workplace.

Rewards and Incentives

Tools or benefits used to motivate individuals towards achieving certain goals or desired behaviors within an organizational context.