A Firm's Strengths That Cannot Be Easily Matched or Imitated

question 102

Multiple Choice

A firm's strengths that cannot be easily matched or imitated by competitors are called

• A) internal audits.
• B) distinctive competencies.
• C) external audits.
• D) interrelated properties.
• E) internal properties.

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Definitions:

Term Insurance

A type of life insurance policy that provides coverage for a specific period of time, or term, offering a death benefit to beneficiaries if the insured passes away during the term.

Whole Life Insurance

A type of life insurance policy that offers coverage for the insured's entire lifetime, typically including a savings component.

Liability Insurance

Insurance covering loss caused by the negligence of oneself or one’s employees.

Retirement Income

The funds or revenue sources a person relies on after retiring from active employment or business.