Question

Capabilities

a. tend to be developed through firm-wide interactions and reside in the firm as a whole.
b. tend to be concentrated in the support activities of the value chain.
c. tend to be concentrated in the primary activities of the value chain.
d. are often developed in specific functional areas.

Answer 1

Capabilities in business refer to the unique skills, resources, and knowledge that a firm possesses, which help it gain a competitive advantage in the market. These capabilities are developed through firm-wide interactions and reside in the firm as a whole.

Step-by-step explanation:

Capabilities in Business

Capabilities in business refer to the unique skills, resources, and knowledge that a firm possesses. They help the firm gain a competitive advantage in the market. Capabilities can be developed through firm-wide interactions and reside in the firm as a whole, rather than being concentrated in specific functional areas or activities. For example, a firm's ability to innovate, build strong customer relationships, or efficiently manage its supply chain are all examples of capabilities.