______ are operational activities that a firm can do well and proficiently.Multiple choice question.CapabilitiesValue propositionsCapacitiesFunctional planning

Sure, let's break down the question step by step to find the correct answer.

1. Understanding the Question: The question asks for a term that describes operational activities a firm can do well and proficiently.

2. Analyzing the Options:

   • Capabilities: This term refers to the skills, expertise, and processes that a firm can perform effectively and efficiently.
   • Value Propositions: This term refers to the value a company promises to deliver to customers should they choose to buy their product.
   • Capacities: This term generally refers to the maximum amount that something can contain or produce, often related to production or storage.
   • Functional Planning: This term refers to the planning of specific functions within an organization, such as marketing, finance, or operations.

3. Matching the Definition:

   • The term that best matches "operational activities that a firm can do well and proficiently" is Capabilities. Capabilities are the specific skills and processes that a firm excels at, which enable it to perform operational activities effectively.

4. Conclusion: The correct answer is Capabilities.

So, the complete sentence would be: "Capabilities are operational activities that a firm can do well and proficiently."