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Where the Value Chain Might Suggest Internal Areas of Strength,__________

question 50

Essay

Where the value chain might suggest internal areas of strength,__________ helps you understand whether or not those strengths will give it a competitive advantage.

Identify and avoid the use of clichés and jargon in professional writing.
Distinguish between active and passive voice and their effects on message delivery.
Recognize and construct gender-neutral sentences in professional writing.
Understand the difference between concrete and abstract words, and the benefits of using concrete words for clarity.

Definitions:

Rent

The price paid for the use of property or land by one party to another under the terms of a lease agreement.

Marginal Physical Product

The additional output that is produced by adding one more unit of a specific input, holding all other inputs constant.

Total Revenue

The total amount of money received by a company from its sales of goods or services.

Marginal Revenue Product

The additional revenue generated from hiring one more unit of labor or other input.

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