The Most Important Source of the Changes in Supply Conditions

question 99

Multiple Choice

The most important source of the changes in supply conditions that stimulate financial innovation has been the

• A)deregulation of financial institutions.
• B)dramatic increase in the volatility of interest rates.
• C)improvement in information technology.
• D)dramatic increase in competition from foreign banks.

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Definitions:

Location Specificity

The importance of a particular location in adding value to a product or service, often due to unique resources or qualities.

Company Specificity

Refers to the unique characteristics, resources, and capabilities that differentiate a company from its competitors, often driving competitive advantage.

Sustainable Competitive Advantage

An advantage over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits and services that justify higher prices.

Strategic Objective

Long-term goals that an organization seeks to achieve, which are designed to guide its direction and decision-making processes.