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:

Uncertain

Lacking predictability, certainty, or clarity, often leading to risk or indecision in decision-making processes.

Known Values

Refers to parameters or factors in an equation or scenario that are already specified or determined.

Expected Values

The predicted average of all possible outcomes of a random variable, weighted by their probabilities.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.