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One aspect of using a cost leadership strategy is that experience effects may lead to lower costs. Experience effects are achieved by ________ a process until a task becomes ________.

Complements are products or services that have a________ impact on the________ of the products or services of that company.

In most industries, experience results in unit costs of production declining as ________ increases.

This is a profitability ratio.

Structural holes, according to Ron Burt of the University of Chicago, are the ________ gap between two groups and are ________ in organizations.

The dynamic capabilities view maintains that success in ________ industries requires ________ that will enable companies to anticipate, shape, and adapt to shifting competitive landscapes.

Apple combines and packages proven technology in new and innovative ways. This is an example of its use of ________ resources.

Human resource management consists of activities involved in the recruiting, hiring, training, development, and compensation of all types of personnel. It supports both individual ________ and ________ activities and the entire ________ chain.

In the declining stage of the industry life cycle, there are ________ segments, the emphasis on process design is ________, and the major functional areas of concern are ________ and finance.

A firm that takes on too much long-term debt to finance operations will see an immediate impact on its indicators of ________________ leverage.