A Unique Strength Relative to Competitors That Provides Superior Returns

question 144

Multiple Choice

A unique strength relative to competitors that provides superior returns, often based on quality, time, cost, or innovation, is referred to as a

• A) creative advantage.
• B) marketing edge.
• C) distinctive competency.
• D) competitive advantage.
• E) core benefit.

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Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand.

Free Trade

An economic policy that allows imports and exports between countries without tariffs, quotas, or other restrictions.

Domestic Price

The price of goods or services within a country's borders, exclusive of international factors.

World Price

The price at which goods trade on the international market, reflecting the global balance of supply and demand for those goods.