Capabilities Refer to a Company's

question 1

Multiple Choice

Capabilities refer to a company's:

• A)manufacturing equipment.
• B)reputation.
• C)skills at using resources effectively.
• D)competitors who are capable of offering greater variety of products.
• E)patents, copyrights, and trademarks.

---

Definitions:

Consumption Function

A macroeconomic concept that describes the relationship between total consumption and gross national income.

Consumption Function

An economic formula that represents the relationship between total consumer spending and total national income.

Household Wealth

The total value of all financial and non-financial assets owned by members of a household minus any liabilities.

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income.