What Term Is Used to Refer to the Specific Set

question 79

Multiple Choice

What term is used to refer to the specific set of departmental skills,knowledge,and experience that allows one organization to outperform its competitors?

• A)Core competency
• B)Technical skills
• C)Human skills
• D)Departmentalization
• E)Specialization

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Definitions:

Marginal Benefit

The incremental utility or satisfaction derived from the consumption or production of an additional good or service unit.

Marginal Cost

The increment in comprehensive expenses related to the generation of an extra unit of a good or service.

Total Benefit

The entire satisfaction or value derived from consuming a good or service.

Optimal Quantity

The quantity of production that maximizes a firm's profit or minimizes its costs under certain conditions.