Competitive Advantage Is the Ability of a Company to ________

question 27

Multiple Choice

Competitive advantage is the ability of a company to ________.

• A) identify changes in consumer tastes and preferences
• B) outperform another company because its managers are able to create more value from the resources at their disposal
• C) develop a flexible organization structure that can quickly respond to changes in the environment
• D) achieve economies of scale by manufacturing a product in large volumes

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Definitions:

Tech Support Department

A specialized unit within a company that provides technical assistance and support related to computer systems, software, and hardware to customers or employees.

Cost Per Minute

A metric used to calculate the expense incurred for every minute of operation, often in manufacturing or services.

Customer Cost Analysis

The process of analyzing and evaluating the costs associated with acquiring and retaining customers, often used to inform pricing and marketing strategies.

Time-Driven Activity-Based Costing

A costing method that assigns costs to products or services based on the actual amount of time they consume, using an hourly cost rate.