Larry Is the Owner of an Instant Noodle Manufacturing Company

question 98

Multiple Choice

Larry is the owner of an instant noodle manufacturing company.His company has created a special combination of ingredients that makes his product tastier than the ones currently existing in the market.Larry knows that this combination of ingredients cannot be easily copied.This is an example of ________.

• A)entrepreneurial breakeven
• B)sustainable competitive advantage
• C)benchmarking
• D)bootstrap marketing

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Definitions:

Ad Valorem Duty

A type of tax applied on the value of an item, commonly used in the context of customs duties on imported goods.

Country A

A placeholder name often used to denote a hypothetical or undisclosed nation in discussions or examples.

Australian Dollars

The recognized monetary unit of Australia, denoted by the abbreviation AUD.

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Issues that affect the international community, encompassing a wide range of topics including environmental, political, economic, and social issues.