Which of the Following Principles of Competitive Advantage Is Related

question 28

Multiple Choice

Which of the following principles of competitive advantage is related to process implementations?

• A) create new products
• B) enhance services
• C) differentiate services
• D) raise the barriers to market entry
• E) create new services

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Definitions:

Loanable Funds

A term used in economics to describe the market where borrowers find funds from savers, impacting interest rates.

Interest Rate

A financial obligation, calculated as a percentage of the principal, is imposed on borrowers by lenders for asset usage.

Transfer Payments

Financial payments made by the government to individuals without any expectation of goods or services being returned, such as welfare benefits.

Budget Deficit

The situation when a government's expenditures exceed its revenues within a specific budget period, leading to borrowing or use of saved reserves.