Which of the Following Is a Special Ability of a Company

question 43

Multiple Choice

Which of the following is a special ability of a company that competitors find extremely difficult to equal?

• A) comparative advantage
• B) absolute advantage
• C) core competency
• D) economy of scale

Analyze the effect of technological advancements on supply.

Examine the influence of expectations about future prices on current supply.

Comprehend the role of substitute goods in shaping supply decisions.

Grasp the concept of market equilibrium and the forces that drive towards it.

---

Definitions:

Skill Blocks

Modular and progressive units of learning or competency development designed to build upon one's abilities or mastery of specific skills.

Skill-Based Pay

A compensation system where employees are paid based on their skills, expertise, and the complexity of the tasks they can perform, rather than just their job title or position.

Skill Certification

A formal process through which an individual's expertise in specific areas is recognized, typically through assessments or coursework.

Competency-Based Pay

Salary determination method where compensation is based on an employee's skill, knowledge, and performance level rather than job title or position.