Unique Attributes of Firms That Give Them a Competitive Edge

question 9

Multiple Choice

Unique attributes of firms that give them a competitive edge are called:

• A)functional strategies.
• B)Balanced Scorecards.
• C)supply chains.
• D)core competencies.
• E)sustainable initiatives.

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Definitions:

Spend Map

A tool or document used in procurement and supply chain management to visualize and analyze an organization's spending patterns, helping with strategic planning and savings identification.

Item Substitution

The practice of replacing one item with another, typically similar item, often due to availability issues or cost benefits.

Environmental Strategies

Approaches adopted by businesses to minimize their ecological footprint and enhance sustainability through processes, products, or services.

Source Reduction

Efforts made to reduce the amount of waste created by altering the design, manufacture, or use of products and materials.