The Key to Maintaining Competitive Advantage,according to W

question 39

Multiple Choice

The key to maintaining competitive advantage,according to W.Edwards Deming is:

• A)being committed to constant improvement.
• B)being first to market with all products.
• C)outsourcing key components.
• D)challenging all market leaders.
• E)stressing low-price advantage in all areas.

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Definitions:

Supplies Account

An account used in accounting to track the cost of supplies purchased and used by a business within a specific accounting period.

Wages Accrued

Amounts of money earned by employees for work done that have not yet been paid by the company.

Depreciation

A technique for spreading out the expense of a physical asset across its lifespan.

Rent Expired

An expense recognized when the rental period has ended, reflecting the cost of using a property or equipment for that period.