______ are operational activities that a firm can do well and proficiently.Multiple choice question.CapabilitiesFunctional planningValue propositionsCapacities

The correct answer to the question is "Capabilities."

Here's the step-by-step reasoning:

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

2. Analyze the Options:

   • Capabilities: This term refers to the skills, expertise, and processes that a firm can perform effectively and efficiently.
   • Functional Planning: This refers to the process of planning specific functions within a business, such as marketing or production, but does not directly describe operational activities.
   • Value Propositions: This term refers to the value a company promises to deliver to customers, not the operational activities themselves.
   • Capacities: This term refers to the maximum output a firm can produce, but it does not necessarily imply proficiency or skill in operational activities.

3. Select the Best Option: Based on the definitions, "Capabilities" is the term that best fits the description of operational activities that a firm can do well and proficiently.

Therefore, the correct answer is "Capabilities."