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

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Definitions:

Absolute Advantage

A condition in which a country, individual, or company can produce a good or service at a lower cost per unit than other competitors.

Domestic Advantage

The benefit or edge that a country or company holds over others in the domestic market, often due to localization, resources, or specialization.

Multinational Strategy

A plan, used by international companies that involves customizing products, promotion, and distribution according to cultural, technological, regional, and national differences.