The Four Building Blocks of Competitive Advantage Are Superior Efficiency;

question 77

Multiple Choice

The four building blocks of competitive advantage are superior efficiency; speed, flexibility, and innovation; responsiveness to customers; and

• A)cost control.
• B)quality.
• C)future growth potential.
• D)geographic location.
• E)employee satisfaction.

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Definitions:

Repriced Option

An adjusted option where the exercise price has been changed, typically lowered, as a way to make the option more valuable or attractive.

Fair Value

An estimate of the market value of an asset or liability based on current market prices or valuations, reflective of what a willing buyer would pay a willing seller in an arm's length transaction.

Remuneration Expense

Represents the total cost incurred by an organization for paying its employees, including wages, salaries, bonuses, and benefits.

Vesting Period

The period of time before an employee gains unconditional ownership of certain benefits or assets, such as stock options or employer contributions to a retirement plan.