Skills Within the Firm That Competitors Cannot Easily Match or Imitate

question 25

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 threats.

---

Definitions:

Variable Costs

Costs that change in proportion with the level of output or activity.

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Peak-period

A time frame characterized by the highest level of activity, operation, or demand in a given process, industry, or market.

Machine-hours

The total operational time of machines within a production process, utilized for cost allocation and efficiency analysis.