An IPod Would Be an Example of How Apple Gained

question 67

Multiple Choice

An iPod would be an example of how Apple gained competitive advantage by:

• A) creating new products or services.
• B) establishing alliances.
• C) creating barriers to entry.
• D) product differentiation.
• E) reducing costs.

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Definitions:

Operating Revenue

Income earned from a company's primary business activities, excluding non-operating income sources like investments.

Operating Expenses

Costs associated with the operation of a business, such as rent, utilities, and payroll, that are not directly tied to the production of goods or services.

Loss on Disposal

The financial loss recognized when the selling price of an asset is less than its carrying amount on the balance sheet.

Operating Expenses

Expenses incurred in the normal operations of a business, including costs such as rent, salaries, and utilities, but not including cost of goods sold.