Firms Can Create a Competitive Advantage When Human Resources Are

question 62

Multiple Choice

Firms can create a competitive advantage when human resources are

• A) Valuable.
• B) Rare.
• C) Inimitable.
• D) Organized.
• E) All of these.

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Definitions:

Incremental Profit

The additional profit derived from a specific business decision, comparing the profit levels before and after the decision.

Selling Price

The amount at which a product or service is sold to customers.

Variable Cost

Financial outlays that fluctuate based on the activity levels or production volumes within a company.

Fixed Cost

Expenses that do not change with the level of production or sales in the short term, such as rent, salary, and insurance.