Which Is Not a Way for a Company to Achieve

question 152

Multiple Choice

Which is not a way for a company to achieve a competitive advantage?

• A) creating new products or services
• B) raising prices
• C) creating barriers to entry
• D) reducing costs
• E) establishing alliances

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Definitions:

Acceptance

In the context of contract law, when the terms of an offer are accepted, it leads to the formation of a contract that is enforceable by law.

Effective

Producing a decided, decisive, or desired effect or result; in full force.

Forum Selection Clause

A contract provision that determines the location and jurisdiction in which disputes will be resolved.

Incorporated

The process by which a business takes on legal status as a corporation, which is recognized as a separate legal entity from its owners, with rights to own assets, incur liabilities, and sue or be sued.