Which of the Following May Lead to Competitive Advantage? 1

question 87

Multiple Choice

Which of the following may lead to competitive advantage? 1.New products,services,and business models;
2) Charging less for superior products;
3) Responding to customers in real time

• A)1 only
• B)1 and 2
• C)2 and 3
• D)1 and 3
• E)1,2,and 3

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Definitions:

Company's Strategy

A detailed plan outlining how a business intends to achieve its goals and improve its competitive position in the market.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period.

Beginning Inventory

The initial quantity of goods available for sale at the start of an accounting period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting sold goods.