A Capability of the Firm Is Not Considered to Be

question 105

Multiple Choice

A capability of the firm is not considered to be

• A)the capacity of a firm to competently perform some internal activity.
• B)referred to as a competence.
• C)developed and enabled through the deployment of a company's resources or some combination of its resources.
• D)a competitively valuable resource.
• E)related to the level of resources available.

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Definitions:

Pocket Money

A small amount of money given to children by parents as an allowance or for completing tasks, which can be used for personal expenses.

MU y/ Pᵧ

The ratio of the marginal utility of good Y (MUy) to its price (Pᵧ), indicating the additional satisfaction per unit of currency spent.

Maximize Utility

The economic objective of consumers to achieve the highest level of satisfaction possible from their consumption decisions, given their income and the prices of goods and services.

Marginal Utility

The additional satisfaction or benefit that a consumer derives from consuming an additional unit of a good or service.