Operating Efficiencies Is One Way Organizations Can Gain Competitive Advantage

question 158

True/False

Operating efficiencies is one way organizations can gain competitive advantage.

---

Definitions:

Real GDP

the measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced.

Intangibles

Non-physical assets that cannot be seen, touched, or physically measured, such as patents, trademarks, and goodwill.

Middle Class

A socio-economic group between the working class and upper class, characterized by moderate income levels and stable employment.

Situation Analysis

An assessment process that examines an organization's internal and external environment to understand current conditions and identify future opportunities and threats.