Exhibit 12-2 Lorenz Curve

question 45

Multiple Choice

Exhibit 12-2 Lorenz curve

As shown in Exhibit 12-2, the perfect equality line is drawn between points:

• A) A and B.
• B) B and D.
• C) A and C along the straight line.
• D) A and C along the curve.

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Definitions:

Competitive Advantage

The attributes or capabilities that allow an organization to outperform its competitors, typically leading to greater market share or profitability.

Technology

The application of scientific knowledge for practical purposes, particularly in industry, to create tools, systems, or methods that solve problems or facilitate processes.

Competitive Advantage

An edge that a company has over its competitors, enabling it to generate greater sales or margins and/or retain more customers.

Continuous-process Production

A method of production where materials are continuously in motion or processing to produce goods, often used in industries where the product is indistinguishable from batch-processing.