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A Competitive Advantage Is a Set of Unique Features of a Company

question 110

True/False

A competitive advantage is a set of unique features of a company and its products that are perceived by the target market as significant and superior to those of the competition.


Definitions:

Utility Function

A mathematical representation of how consumers rank different bundles of goods according to the level of satisfaction or utility those bundles provide.

Risk Averse

describes a preference for avoiding risk, where individuals opt for the option with the least uncertainty in outcomes or potential losses.

Subjective Measure

A type of data collection or evaluation based on personal opinions, interpretations, points of view, emotions, and judgment.

Present Value

The present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

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