In Order to Focus on Its Area of Core Competency,a

question 72

Multiple Choice

In order to focus on its area of core competency,a firm relies on _____

• A)government intervention and the bounded rationality of its managers.
• B)the market price and the minimum efficient scale of production.
• C)economies of scope.
• D)the division of labor and the law of comparative advantage.
• E)the vertical integration of its production process.

---

Definitions:

Microvilli

Small, finger-like projections on the surface of some cells that increase the surface area for absorption or secretion.

Small Intestine

A part of the gastrointestinal tract between the stomach and the large intestine, where most of the digestion and absorption of food nutrients takes place.

Kidney Tubules

Microscopic tubes in the kidneys where urine is formed through the processes of filtration, absorption, and secretion.

Organelle of Locomotion

Cellular structures that enable movement in organisms, such as cilia and flagella.