Competitive Advantage Can Be Achieved Through _____ by Finding Ways

question 42

Multiple Choice

Competitive advantage can be achieved through _____ by finding ways and using technology to adjust and tailor products and services to fit customer needs in ways that are difficult for one's competitor to match.

• A) quality
• B) costs
• C) flexibility
• D) delivery
• E) durability

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean value.

Population Proportion Variances

The measure of variability or dispersion of proportion values in a population, indicating how much individual proportions deviate from the average population proportion.

Senatorial Election

An electoral process in which voters select candidates to serve as Senators in a legislative body, such as the United States Senate.

Significance Level

A threshold in hypothesis testing, denoted as alpha, below which an observed effect is considered statistically significant.