A firm's skills in using its resources to create goods and services are its _____

Economics Dec 13, 2020

A firm's skills in using its resources to create goods and services are its _____ .

A) values

B) capabilities

C) logistics

D) resources

Expert Solution

Option B) capabilities is correct

This option is correct because capabilities tell us about the resource utilization that can be maximized with the given technology, skills of labor, and working efficiently by workers. These factors are used to create goods and services in an economy. There is a need for innovation in this process.

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