Competitive Advantage as a Core of Small Business Strategy Is

question 124

True/False

Competitive advantage as a core of small business strategy is critical, but the inertia of the marketplace may also be relied on for survival.

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Definitions:

Value-Added Tax (VAT)

A type of tax that is applied incrementally at each stage of production and distribution on the value added to goods and services.

Retail Sales Tax

A tax on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the retailer.

Payout Rates

The percentage of earnings or profits that a company distributes to its shareholders as dividends.

State Lotteries

Government-run lotteries that operate as a form of gambling, providing revenue for public projects and services.