According to the Text, Competencies

question 25

Multiple Choice

According to the text, competencies:

• A) are skills or abilities required in order to achieve competitive advantage.
• B) refer to the ability of a company to have higher rates of profits than its competitors.
• C) create value for customers and for which customers are willing to pay.
• D) two of the above.
• E) none of A, B, and C.

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Definitions:

Production

The act of producing products and offerings.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.

Inventory

The goods and materials a business holds for the ultimate goal of resale or processing.

February

Known as the second month in the Gregorian calendar, it has 28 days in standard years and 29 days in years classified as leap years.