GMS 200 – MIDTERM | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS

GMS 200 – MIDTERM | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Intellectual capital - Answer -Collective brainpower of a workforce that can be used to create value Resource inputs - Answer -People, money, materials, technology, information Transformation process - Answer -Work activities turn resources into outputs Product outputs - Answer -Finished goods and services Organizations - Answer -People working together to achieve a common purpose Value creation - Answer -When an organizations operations add value to the original cost of resource inputs Specific (task) environment - Answer -Organizations, groups, people that organizations interact and conduct business with Examples of specific (task) environment stakeholders - Answer - Customers, suppliers, competitors, regulators, investors, ownersCompetitive advantage - Answer -A core competency that sets an organization apart from competitors and