The Four Generic Building Blocks of Competitive Advantage Are

question 67

Multiple Choice

The four generic building blocks of competitive advantage are

• A) low cost, quality, efficiency, and customer responsiveness.
• B) differentiation, quality, innovation, and customer responsiveness.
• C) quality, efficiency, differentiation, and customer responsiveness.
• D) customer responsiveness, quality, efficiency, and human resources.
• E) quality, customer responsiveness, innovation, and efficiency.

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Definitions:

Workers' Compensation Insurance

Insurance that provides wage replacement and medical benefits to employees injured in the course of employment.

Work-Related Accidents

Accidents that occur in the course of employment, potentially resulting in injury or occupational disease.

Defined-benefit Plan

A type of pension plan in which an employer promises a specified pension payment in retirement that is predetermined by a formula based on the employee's earnings history, tenure of service, and age.

Defined-contribution Plan

Defined-contribution Plan is a retirement savings plan where the amount contributed by the employer or employee is specified, but the future benefit amount is not guaranteed.