Which of the Following Characteristics Is Most Likely to Be

question 123

Multiple Choice

Which of the following characteristics is most likely to be the least sustainable competitive advantage?

• A) Convenient locations
• B) Ability to get scarce merchandise
• C) Shared systems with vendors
• D) More sales promotions
• E) Coordination of procurement efforts

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Definitions:

Income Statement

A financial report summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Revenues

Revenue earned by a company primarily through its sales of products and services to buyers, as part of its regular operations.

Owner's Equity

Owner's Equity refers to the owner's rights to the assets of the company after all liabilities have been deducted. It is also known as shareholders' equity or stockholders' equity.

Investments

Investments refer to assets or items acquired with the intention of generating income or appreciating in the future.