The Origin of Competitive Advantage Lies in the Ability to

question 19

Multiple Choice

The origin of competitive advantage lies in the ability to

• A) gain major stockholders.
• B) identify and respond to environmental change well in advance of competition.
• C) launch products quickly.
• D) serve customers faster.
• E) create surprise for others.

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Definitions:

Manufacturing Process

Encompasses the procedures and methods used to turn raw materials into finished goods through various phases of production.

Effective Annual Rate

The actual return on an investment after accounting for compounding interest over a year, providing a true reflection of financial returns.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment schedule and interest rates.

Merchandise

Goods or products that are bought and sold in commerce, typically in a retail environment.