Asked by OLUSEGUN ADELEKE on May 02, 2024

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Polartic relies on its ______________ to remain competitive in its markets.

A) ability to compete with low-cost labor in other countries
B) knowledge resources and research capabilities
C) prime market location
D) lower costs due to outsourcing
E) All of the above

Knowledge Resources

Assets or information sources within an organization that enhance decision-making, problem-solving, and strategic planning through expertise and intelligence.

Research Capabilities

The potential or ability of individuals or organizations to conduct systematic investigation into a field of study in order to discover, interpret, or revise facts, theories, and applications.

Outsourcing

The practice of hiring external entities to perform services or produce goods traditionally done by the company's own employees.

  • Familiarize yourself with the processes by which businesses modify their approaches due to changes in worldwide labor markets and technological progression.
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ZK
Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
The question asks for the factor on which Polartic relies to remain competitive in its markets. The best answer is B, knowledge resources and research capabilities, as it pertains directly to the company's ability to innovate and offer unique products or solutions. Options A, C, and D may be factors that contribute to competitiveness, but they are not necessarily unique to Polartic or exclusive to its success. Option E is incorrect because it includes options that are not necessarily true or exclusive to Polartic's competitive advantage.