Which of the Following Must Be Met If a Firm's

question 41

Multiple Choice

Which of the following must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?

• A) differentiation
• B) imperfectly imitable resources
• C) related diversification
• D) unrelated diversification
• E) a matrix organizational structure

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Definitions:

Budgeted Costs

Predicted or planned expenses that are outlined in a company's budget for a specific period.

Fabricating Department

The division within a manufacturing company where raw materials are assembled or processed into finished goods.

Assembling Department

A section within a manufacturing facility where components are put together to form a final product.

Static Budget

A financial plan that remains unchanged over the budget period regardless of changes in operational activities or volumes.