A Company Can Create Competitive Advantage by

question 63

Multiple Choice

A company can create competitive advantage by

• A) lowering switching costs.
• B) refusing alliances.
• C) staying with the "tried and true" processes that competitors use.
• D) reducing barriers to entry.
• E) adding technology to its business process.

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Definitions:

Government Expenditures

Financial spending by the government on goods, services, and public projects, including healthcare, education, and infrastructure.

Built-In Stability

refers to automatic fiscal policies and regulations that stabilize economic fluctuations without additional government intervention.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation.

Tax Revenues

The income that is gained by governments through taxation, a primary source of public finance.