Identify the Principle of Competitive Advantage That Is Associated with Product

question 92

Multiple Choice

Identify the principle of competitive advantage that is associated with product implementations.

• A)lock in customers
• B)enhance services
• C)lock in suppliers
• D)establish alliances

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Definitions:

Safety Stock

Extra inventory carried to prevent stockouts in the event of heavy use or delayed delivery.

Working Stock

Working stock refers to the inventory that is readily available for use or sale, excluding any safety stock kept in reserve to cover potential shortages.

Collection Period

The average number of days it takes for a company to collect payments owed by its customers.

Bad Debts

Money owed to a company that is unlikely to be paid by the debtor, often resulting in a write-off for the company.