Compared to specific inputs, generic inputs are:
A)less likely to be purchased from other firms.
B)less costly than specific inputs.
C)more costly than specific inputs.
D)more likely to be purchased from other firms.

Question

Quizplus · Accepted Answer

Generic inputs are more likely to be purchased from other firms as they are not customized to a specific company's needs and can be found in the general market. Meanwhile, specific inputs are tailored to a company's unique requirements and may need to be produced in-house or sourced from specialized suppliers, making them less likely to be purchased from other firms. Therefore, option D is the correct answer.

Compared to Specific Inputs, Generic Inputs Are