An Organization Wants to Achieve Competitive Advantage Through Process Implementations

question 96

Multiple Choice

An organization wants to achieve competitive advantage through process implementations. Which of the following actions would help it in achieving this?

• A) establishing alliances
• B) creating new products
• C) enhancing products
• D) differentiating services

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Definitions:

Accounts Receivables

Refers to the amounts owed to a business by its customers for sales or services provided on credit.

Finance Charge

A fee representing the cost of credit or the cost of borrowing on accounts, including interest and other charges.

Finance Charge

The total cost of borrowing, including interest, fees, and any other charges associated with the extension of credit.

Sale of Receivables

The process of selling a company's accounts receivable to a third party to improve cash flow and reduce risk.