The Distinct Competencies of a Retailer Relative to Competitors Is

question 73

Multiple Choice

The distinct competencies of a retailer relative to competitors is referred to as its ________.

• A) competitive advantages
• B) cost advantages
• C) economies of scale
• D) focused strategy

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Definitions:

Desired Performance

The specific level or standard of work output or behavior that an organization expects from an employee.

Actual Performance

The real, measured outcomes of work activities or processes, as opposed to expected or assumed results.

Time And Motion Studies

The analysis of tasks to improve the efficiency of operations, usually by breaking down each task into its components and timing each element.

Corrective Action

Measures taken to identify and rectify problems or deviations from set standards and processes.