Technological Innovation Can Provide an Innovative Company a Competitive Advantage

question 100

Multiple Choice

Technological innovation can provide an innovative company a competitive advantage, or _____________________ over its competitors both at home and abroad.

• A)power gap
• B)preference gap
• C)technological gap
• D)economic gap
• E)life cycle gap

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Definitions:

Bank Statement

A monthly or quarterly document provided by a bank summarizing the transactions, including deposits and withdrawals, that occurred in a specific account.

Service Charge

A fee collected to pay for services related to the primary product or service being purchased.

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage over a period of time.

Check Register

A record maintained by account holders to track checks written, deposits made, and the current balance of a checking account.