Businesses Seek to Use IT in Order to Gain ____________Over

question 122

Multiple Choice

Businesses seek to use IT in order to gain ____________over other businesses seeking the same customers.

• A) competitive advantage
• B) dominance
• C) relative advantage
• D) sway

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Definitions:

Fiscal Year

A one-year period used for financial reporting and budgeting by businesses and governments, which may not align with the calendar year.

Dishonored Note

This term refers to a promissory note that has not been paid at maturity by the maker, resulting in default.

Interest for Days

Calculated as the interest rate on a loan or investment applied over a specified number of days.

Total Amount Charged

The total amount charged refers to the aggregate sum of all charges, fees, and expenses associated with a transaction or series of transactions.