The Three Components That Can Lead to Competitive Advantage Through

question 81

Multiple Choice

The three components that can lead to competitive advantage through effective scheduling are

• A) quality, dispatching, and MRP
• B) ABC analysis, MRP, and loading
• C) the item master file, the routing file, and the work-center master file
• D) lower costs, faster delivery, and dependable delivery
• E) Gantt charts, Johnson's rule and the Pareto principle

Distinguish between hedging transactions exposure and economic exposure.

Define key terms in derivative securities, such as economic exposure, derivative security, cross-hedging, and risk profile.

Understand the critical components and shortcomings of Sigmund Freud's psychoanalytic theory.

Recognize the development and significance of the superego, ego, and id in psychoanalytic theory.

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Definitions:

Price Taker

A market participant that accepts the market price as given and has no influence to alter the price of the good or service they buy or sell.

Price-Searcher Market

A market structure where sellers have some control over the price of their products because they offer unique goods or services, differentiating them from competitors.

Economic Profit

The surplus or profit generated by a company after accounting for both explicit and implicit costs, indicating financial performance.

Maximum Earning

The highest possible income or profit that an entity or individual can achieve under given conditions.