Competitive Advantage Normally Is the Result of Superiority in Resources

question 86

Multiple Choice

Competitive advantage normally is the result of superiority in resources, skills, or

• A) employees.
• B) position.
• C) consistency.
• D) feasibility.
• E) governance.

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Definitions:

Interest

Payment to resource owners for the use of their capital; the dollar amount paid by borrowers to lenders.

Inflation

The tempo at which the general price level for services and goods rises, degrading the purchasing strength.

Lenders

Individuals, institutions, or entities that offer funds to others with the expectation that the funds will be repaid with interest.

Borrowers

Individuals or entities that receive funds from another party under the agreement that the funds will be repaid, typically with interest, over a defined period.