In General, Competitive Advantage Comes from Which of the Following

question 48

Multiple Choice

In general, competitive advantage comes from which of the following?

• A) lifetime value of a customer
• B) cost advantage or a differential advantage
• C) consumer-generated content
• D) crowdsourcing
• E) social networking and the wisdom of crowds

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Definitions:

Fixed Overhead

Regular, ongoing costs incurred by a business that do not vary with production levels, such as rent, salaries, and insurance.

Period Cost

A financial term referring to costs that are not directly tied to the production process and are expensed in the period in which they are incurred.

Sales Revenues

The revenue a company earns from selling products or offering services.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including the cost of materials and labor.