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As more Europeans are making their own travel arrangements online, travel agencies are offering new services. One concept that is working well is to market exclusive travel packages that incorporate pre-paid children's activities. By designing packages specifically for parents and their children, the European travel agents are relying on _____ to create a differential advantage.
Current Liabilities
Obligations or debts that a company must pay within one year or within its normal operating cycle if longer.
Interest-Bearing Notes
Debt securities that pay interest to the holder at a fixed or variable rate until maturity.
Operating Cycle
The duration between the purchase of inventory and the collection of accounts receivable generated from sales.
Interest Expense
The cost incurred by an entity for borrowed funds, represented as an expense on the income statement, affecting net income.
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