Identify the Principle of Competitive Advantage That Is Associated with Product

question 65

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
• E) raise barriers to market entry

---

Definitions:

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit.

Revenue Recognition

A principle guiding how and when revenue is recognized in the accounting records, generally when earned and realizable.

Economic Substance

The underlying economic or commercial purpose of a transaction, which must exist for it to be recognized for tax or accounting purposes.

Legal Form

Refers to the legal structure or type of business entity, such as corporation, partnership, sole proprietorship, etc., which determines legal liabilities and taxation methods.