Lynx Inc, a Startup Firm, Has Been Trying to Sell Its

question 48

Multiple Choice

Lynx Inc., a startup firm, has been trying to sell its product to customers. However, the customers do not perceive any value in the product and neither do they find it unique in any way. Lynx Inc. also does not have proper systems and processes that can help in auditing and retaining the profits created by their employees. The company has drained its funds in the process, but it has not been able to successfully establish itself in the market. As a result, the firm has not been successful to its stakeholders. Ultimately, the board of directors at Lynx Inc. decides to shut it down completely. This scenario best exemplifies __________.

• A)competitive advantage
• B)competitive parity
• C)competitive success
• D)competitive failure

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Definitions:

Life Tenant

A life tenant is an individual who has the right to use and benefit from a property during their lifetime, but does not own the property outright.

Term Lease

A lease agreement that specifies a fixed period of time for the lease of property.

Bailee

A person or entity that has temporary custody or control of another person's property under a bailment agreement.

Liable

Being legally responsible or obligated, especially in the context of paying damages or fulfilling contractual agreements.