The First Step to Create Competitive Advantage Through a Strategy

question 18

Multiple Choice

 The first step to create competitive advantage through a strategy is to

• A) generate better information than the rivals.
• B) make choices based on the available information.
• C) convert strategic choices into decisive actions.
• D) analyze the information that is available.

Understand the criteria for proving age discrimination in employment.

Understand the concept of employment discrimination and its primary remedies.

Recognize the purpose and design of Affirmative Action Plans.

Identify employment practices that may result in disparate impact discrimination.

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Definitions:

Net Working Capital

This is the difference between a company's current assets and its current liabilities, indicating its short-term financial health and ability to cover short-term obligations.

EBIT

Earnings Before Interest and Taxes, an indicator of company profit excluding costs from interest and income tax.

Net Working Capital

Net working capital is a financial metric that measures a company's ability to pay off its current liabilities with its current assets.

Interest Expenses

Costs incurred by an entity for borrowed funds, typically presented in the income statement as a deduction from revenues.