The Identification by a Firm of Its Sources of Competitive

question 41

Multiple Choice

The identification by a firm of its sources of competitive advantage is critical because:

• A)A firm can reduce its costs
• B)A firm can organize its activities differently
• C)A firm can increase its profitability
• D)To continue successfully it is essential that a firm understands why it wins profitable business.

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Definitions:

Preferential Payment

A payment made to a creditor before a bankruptcy filing that is considered unfair to other creditors.

Transferred Property

Assets or rights that have been legally moved from one owner to another through a sale, gift, or inheritance.

Preexisting Debt

Financial obligations or liabilities that exist before a specified event or transaction, such as taking out a new loan.

Fraudulent Transfer

A transaction where a debtor intentionally transfers assets to avoid creditors' claims.