Functional skills that a firm develops and which are the foundation on which a firm builds its strategy are:
A) capabilities.
B) resources.
C) key success factors.
D) comparative advantages.

Question

Quizplus · Accepted Answer

Functional skills that a firm develops are called capabilities. These capabilities form the foundation on which a firm builds its strategy. Resources refer to the assets a firm possesses, key success factors are those factors which are critical for a firm to succeed in a particular industry, and comparative advantages are the advantages a firm has over its competitors. While all of these are important to a firm's success, the best choice for the question is A - capabilities.

Functional Skills That a Firm Develops and Which Are the Foundation