When an Organization Is Better Than Competitors at Something,and Can

question 45

Multiple Choice

When an organization is better than competitors at something,and can hold that advantage over a sustained period of time,it is said to have a:

• A)differentiated focus.
• B)sustainable competitive advantage.
• C)core competency.
• D)low-cost competitive advantage.
• E)none of the abovE.

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Definitions:

Inventory

The goods and materials held by a company for the ultimate goal of resale or manufacturing into final products.

Consolidated Retained Earnings

The portion of earnings generated by a company and its subsidiaries that is not distributed as dividends but reinvested in the business.

Statement of Financial Position

Another term for the balance sheet, detailing a company's assets, liabilities, and equity at a given point in time.

Share Capital

The funds that a company receives from selling its shares to investors; also known as equity capital.