Which of the Following Statements About Quality as a Competitive

question 29

Multiple Choice

Which of the following statements about quality as a competitive advantage is true?

• A)To be successful, a competitive advantage does not have to be unique.
• B)An innovation can be a source of a competitive advantage.
• C)The only way to create a competitive advantage is by improving quality.
• D)A company must ignore costs when establishing a competitive advantage.

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Definitions:

Guaranteed Income

A system of social welfare that proposes that all citizens receive an unconditional sum of money, regardless of their employment status.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or community.

Class Analysis

A study in sociology that focuses on the distribution of wealth and labor in a society, and how this distribution creates distinct social classes with different interests and power.

Functionalist Analysis

A sociological perspective that analyzes every component of society by examining its role in maintaining the overall societal stability.