James Has the Benefit of Gaining Customer Loyalty by Being

question 34

Multiple Choice

James has the benefit of gaining customer loyalty by being the first company to bring out a new gourmet burger.This is a form of ________.

• A)sustainable competitive advantage
• B)first-mover advantage
• C)leader advantage
• D)tangible assets advantage

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Definitions:

Acquisition Business Combination

An acquisition business combination is a transaction or event where one entity gains control over another, often involving the purchase of the target company's stock or assets.

Fair Value

The estimated market value of an asset or liability, reflecting the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation and gives rights to dividends and voting in company matters.

Acquisition

The process of obtaining control of another company or business entity through purchase or merger.