Which of the Following Is Correct Regarding the Skills or Competencies

question 58

Multiple Choice

Which of the following is correct regarding the skills or competencies a company must develop in order to achieve a sustainable competitive advantage?

• A) They keep prices low.
• B) They are easy to obtain.
• C) They are easy to imitate.
• D) They must be copyrighted or patented.
• E) They are difficult to substitute for.

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Definitions:

Expenses

The outflows or using up of assets or incurring of liabilities during a period from delivering goods, rendering services, or carrying out other activities that constitute the entity’s ongoing major operations.

FOB Shipper's Dock

A shipping term indicating that the buyer assumes responsibility for the goods once they are shipped, and the goods are considered delivered at the shipper's dock.

Raw Materials

Basic materials that are used in the production process to create goods and products.

Ethical Standards

Principles that guide conduct in business and professional practices to ensure fairness, transparency, and integrity.