A Firm Focusing on _____ Will Benefit by Basing Each

question 16

Multiple Choice

A firm focusing on _____ will benefit by basing each value creation activity it performs at that location where economic,political,and cultural conditions,including relative factor costs,are most conducive to the performance of that activity.

• A)organizational advantage
• B)core competency
• C)competitive gains
• D)technical skill sets

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Definitions:

Dog Walking

is a service or activity where a person walks a dog for its owner, often a paid profession or an entrepreneurial business.

Teenager

An individual who is between 13 and 19 years of age, typically undergoing the transition from childhood to adulthood.

Law of Averages

The law of averages is a principle that suggests that over time, outcomes will balance out to their statistical probability or expected value.

Cold Canvassing

The act of contacting potential customers without any prior connection or appointment, often through door-to-door visits or cold calls, in attempts to sell a product or service.