Which of the Following Is NOT a Type of Competitive

question 18

Multiple Choice

Which of the following is NOT a type of competitive advantage?

• A) Management structure
• B) Cost
• C) Product/service differentiation
• D) Niche
• E) All of these choices are types of competitive advantages.

Recognize the impact of information availability on market operations and efficiency.

Analyze the financial implications of educational investments and choices.

Identify the relationship between scarce resources and the emergence of opportunity costs.

Understand the concept of mass customization and its benefits to production efficiency and customer satisfaction.

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Definitions:

Value-Added Ratio

The proportion of time spent on non-waste activities in the production process.

Appraisal Cost

A quality control cost incurred to identify defective products before they are shipped to customers, including costs of inspections and testing.

Non-Value-Added

Activities or processes that increase the cost of a product without enhancing its value to the customer.

Prevention Cost

The costs incurred to prevent defects in products or services, including costs related to quality planning, training, and process control.