A Good Is Produced by a Firm in 2009,added to the Firm's

question 48

Multiple Choice

A good is produced by a firm in 2009,added to the firm's inventory in 2010,and sold to a household in 2010.As a result,on net,

• A)2009 GDP increased and 2010 GDP decreased.
• B)2009 GDP decreased and 2010 GDP increased.
• C)2009 GDP did not change and 2010 GDP increased.
• D)2009 GDP increased and 2010 GDP did not change.

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Definitions:

Core Competencies

The unique capabilities and resources a company possesses that give it a competitive advantage in its field or market.

Low-Cost Leadership

A strategy where a company becomes the lowest cost producer in its industry, offering products or services at the lowest price point to gain market share.

Franz Colruyt

A Belgian entrepreneur known for founding the Colruyt Group, a major retail corporation.

World Companies

Multinational corporations that operate and compete on a global scale, often influencing economic, political, and cultural dynamics worldwide.