A Company Can Use Products to Create Competitive Advantage by

question 94

Multiple Choice

A company can use products to create competitive advantage by

• A) differentiating its products.
• B) raising prices.
• C) adding products to its product line.
• D) increasing brand awareness.
• E) lowering prices.

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Definitions:

AVC

Stands for "Average Variable Cost," which is the total variable cost divided by the number of units produced, in the context of economics.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced, indicating the average cost per unit of output.

FedEx

An American multinational delivery services company known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location.

Package Tracking

A service provided by postal and courier companies that allows customers to follow the geographic location and status of their shipped items through a unique tracking number.