Which of the Following Is the Best Way to Build

question 19

Multiple Choice

Which of the following is the best way to build a sustainable competitive advantage using product excellence?

• A) being the first to offer customers desired features, even if competitors can copy them easily
• B) positioning the product using a clear, distinctive brand image
• C) having the most features on each model
• D) focusing on being cutting edge and continually eliminating older features that are still in use by customers
• E) copying the market leader's features, but at a lower cost

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Definitions:

Relevance

The importance of information in making financial decisions, ensuring that financial data is significant and pertinent.

Indirect Method

A method for preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to reconcile to cash provided by operating activities.

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits distributed in cash.

Long-Term Investments

Assets that a company intends to hold for more than one year, typically including stocks, bonds, or real estate.