When a Company Creates Value for Customers by Performing Key

question 68

Multiple Choice

When a company creates value for customers by performing key activities BETTER than its competitors, the firm is said to possess a

• A) competitive advantage
• B) tangible resource
• C) market share advantage
• D) positive return for shareholders

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Definitions:

Make-Or-Buy Decision

A strategic decision-making process used by companies to determine whether it is more cost-effective to produce goods internally or buy them from an external supplier.

Cost Savings

Reductions in expenses achieved through efficiency improvements, budget adjustments, or other financial strategies.

Production Opportunities

Situations or contexts in which a company has the potential to increase its output, efficiency, or product offerings.