Skills Within the Firm That Competitors Cannot Easily Match or Imitate

question 11

Multiple Choice

Skills within the firm that competitors cannot easily match or imitate are referred to as:

• A)core competencies.
• B)global competencies.
• C)in-born skills.
• D)competitive strengths.

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Definitions:

ABC Costing

Activity-based costing; a method of allocating overhead and direct costs to specific products or activities based on actual consumption.

Cost Information

Data about the expenses involved in producing goods or services, used for budgeting, pricing, and financial analysis.

Cost Drivers

Factors that cause a change in the cost of an activity or production, such as labor hours or machine usage.

Facility-level Costs

Expenses that are not directly tied to a specific product or service but are necessary for the overall operation of a facility.