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Questions
BUSML 3380 AU2025 (2039) Terms and Definitions - Set 2
Matching
Match the term to the appropriate definition. 1: The set of skills, technologies, and processes that provide the basics for what a company does well. 2: Producing product that is subsequently put into storage. 3: Transferring the management and delivery of a process previously performed in-house to a third party. 4: Efficiencies created by producing large quantities of the same item to spread fixed costs. 5: Producing product only to meet actual customer demand.
Options
A.Insourcing
B.Outsourcing
C.Economies of Scope
D.Make-to-Order (MTO)
E.Core Competency
F.Make-to-Stock (MTS)
G.Economies of Scale
View Explanation
Standard Answer
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Approach Analysis
To tackle this matching question, I will pair each definition with the term that best fits it, using the provided options as potential matches.
Definition 1: 'The set of skills, technologies, and processes that provide the basics for what a company does well.' This concept is commonly known as a core capability or core competency, which reflects distinctive strengths that give a company competitive advantage. Amon......Login to view full explanationLog in for full answers
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