When a Company Has a Proficiency in Performing a Strategically

question 103

Multiple Choice

When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals,it is said to have:

• A) a company competence.
• B) a core competence.
• C) a distinctive competence.
• D) a key value chain proficiency.
• E) a competitive advantage over rivals.

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Definitions:

Variable Cost Pricing

Setting prices based on the variable costs of producing a product, ignoring fixed costs.

External Reporting

The process of reporting financial and other information to stakeholders outside the organization, such as investors and regulatory authorities.

Cost Volume Profit Analysis

A financial analysis tool used to determine the changes in costs and volume on an organization's profit.

Cost-Plus Pricing

A pricing strategy where a fixed percentage is added to the total cost of producing a product or service to determine its selling price.