Which of the Following Is a Set of Unique Features

question 13

Multiple Choice

Which of the following is a set of unique features of a company and its products that are perceived by the people or companies the organization wishes to serve as significant and superior to those of the competition?

• A) a synergistic benefit
• B) a competitive advantage
• C) a superlative benefit
• D) a comparative perception

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Definitions:

Net Income

The ultimate profit of a company calculated by removing all operational costs, taxes, and expenses from its gross income.

Financial Accounting Standards

Rules and guidelines developed by authoritative entities to govern how financial statements should be prepared and presented.

IASB

The International Accounting Standards Board, an independent body that develops and approves International Financial Reporting Standards (IFRS).

AICPA

The American Institute of Certified Public Accountants, a professional organization for certified public accountants in the United States.