According to Your Textbook, Two Key Components of Corporate Profitability

question 46

Multiple Choice

According to your textbook, two key components of corporate profitability are 1) industry structure and 2) ________________.

• A) Technological adaptability
• B) IT proficiency
• C) Competitive advantage
• D) Corporate management style

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Definitions:

Knowledge, Skills

Pertains to the competencies and expertise that individuals possess, which enable them to perform tasks effectively.

Job Descriptions

Detailed explanations of the roles, responsibilities, required qualifications, and reporting relationships of a specific job within an organization.

Job-Analysis Process

A systematic procedure for determining the duties, responsibilities, and requirements of jobs within an organization.

Subject Matter Experts

Individuals who exhibit the highest level of expertise in specific domains or areas of knowledge, often consulted for their deep understanding.