A Firm Benefits by Basing Each Value Creation Activity It

question 36

Multiple Choice

A firm benefits by basing each value creation activity it performs at that location where economic, political, and cultural conditions, including relative factor costs, are most conducive to the performance of that activity. Firms that pursue such a strategy can realize

• A) differentiation.
• B) location economies.
• C) vertical integration.
• D) horizontal integration.

---

Definitions:

Schizophrenia

A severe psychological disorder that is characterized by disturbances in thought and language, perception and attention, motor activity, and mood, and by withdrawal and absorption into daydreams or fantasy.

Intelligence

A complex and controversial concept, defined by David Wechsler as “[the] capacity . . . to understand the world [and the] resourcefulness to cope with its challenges.” Intelligence implies the capacity to make adaptive choices (from the Latin inter, meaning “among,” and legere, meaning “to choose”).

Nutritional Requirements

The essential nutrients and the appropriate quantities of those nutrients needed for maintaining health and proper functioning of the body.

Infants

are young children, typically under one year of age, undergoing rapid growth and development in physical, cognitive, and social realms.