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:

Observational Learning

is a form of learning that occurs through watching the behaviors of others and the consequences of those behaviors, also known as modeling or social learning.

Vicarious Learning

Learning that occurs by observing the actions of others and the outcomes of those actions, without the observer performing the actions.

Latent Learning

The subconscious retention of information without immediate or obvious reinforcement to be applied at a later time.

Insight

The capacity to gain an accurate and deep understanding of someone or something, often involving an "aha" moment of comprehension.