How Does Value Innovation Achieve Sustained Competitive Advantage for the Innovating

question 41

Multiple Choice

How does value innovation achieve sustained competitive advantage for the innovating company?

• A)It shifts the basis of competition.
• B)It can catch rivals off guard and make it difficult for them to catch up.
• C)It forces the innovative company to think differently than rivals in order to create an offering and strategic position that is unique.
• D)Rivals are unable to change focus from prior strategic commitments.
• E)All of these are reasons why value innovation can achieve sustained competitive advantage for an innovating company.

Understand the historical development of microbiology and its impact on human health.

Recognize the role of microbes in biotechnology and industrial processes.

Understand the basics of microbiological research methods and discoveries.

Understand the unique structural characteristics of archaea compared to bacteria and eukaryotes.

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Definitions:

Convertible Debt

A type of bond or loan that can be converted into a predetermined amount of the company's equity, usually at the discretion of the debt holder.

LIFO Inventory

An inventory valuation method (Last In, First Out) where the most recently produced or acquired items are the first to be expensed as cost of goods sold, affecting the company's books during periods of inflation.

Bank Overdraft

A facility allowing a bank account holder to withdraw more money than is actually in their account, often used for short-term financing.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board that guide how financial transactions and other accounting events should be reported in financial statements.