_____________ Is the Characteristic of a Product That Wins the Order

question 28

Multiple Choice

_____________ is the characteristic of a product that wins the order in the marketplace.

• A)Order winners
• B)Order qualifiers
• C)Core competency
• D)Positioning

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Definitions:

Physical Capital

Assets used by a business to produce goods and services, such as buildings, machinery, and equipment.

Diminishing Returns

A principle stating that as investment in a single area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Marginal Product

The additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Hiring Labor

The process of engaging individuals to perform services or work for compensation.