Competitive Advantage

question 49

Multiple Choice

Competitive advantage

• A)Represent the basic ways that companies can provide superior value to customers.
• B)Is one of the basic strategies.
• C)Occurs when a company can outmatch its rivals in attracting and maintaining its customers.
• D)Is best achieved using a low cost strategy.

---

Definitions:

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current price, leading to surplus stock.

Money Market

A section of the financial market where short-term financial assets with high liquidity are traded, such as treasury bills and commercial paper.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Surplus of Money

Situation where the supply of money in an economy exceeds the demand for it, often leading to lower interest rates and inflation.