The Key Result of Achieving a Competitive Advantage Is

question 81

Multiple Choice

The key result of achieving a competitive advantage is:

• A) an ability to establish a monopolistic market position.
• B) an ability to sidestep government regulations.
• C) an ability to dictate consumer needs and preferences.
• D) an ability to drive the competition out of business and to make extraordinarily high profits.
• E) an ability to consistently do something of high value that one's competitors cannot replicate or do as well.

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Definitions:

Shipping Term

Conditions included in a contract that define the responsibilities, costs, and risks involved in the delivery of goods from the seller to the buyer.

Free Alongside

In shipping, a term indicating that the seller is responsible for the cost of transporting goods to a designated point next to a vessel before loading.

Piracy

is the unauthorized use or reproduction of another's work, often relating to copyright infringement, especially in the context of software, music, and movies.

Registered Ships

Vessels that are officially listed with a specific country's registry to identify the nation of registration and ensure compliance with that nation's laws and regulations.