Which of the Following Principles of Competitive Advantage Is Related

question 5

Multiple Choice

Which of the following principles of competitive advantage is related to process implementations?

• A) creating new products
• B) enhancing products
• C) locking in suppliers
• D) differentiating products

---

Definitions:

Electronic Repair Revenues

Income generated from the business of fixing and restoring electronic devices and components to working condition.

Expenses

Expenses refer to the outflow of funds or the incurrence of a liability by a business as a result of its operations, such as costs for materials, labor, and overhead.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities.

Owner Investments

Funds or assets introduced by the owner(s) into the business to provide financial resources for operations or expansion.