With Which of the Following Competitive Advantages Is Cost Less

question 41

Multiple Choice

With which of the following competitive advantages is cost less of a barrier in attracting top talent for companies?

• A)product innovation
• B)cost leadership
• C)growth
• D)maturity

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Definitions:

Inventory Turnover

A measure of how quickly a company sells and replaces its inventory over a certain period, indicating the efficiency of inventory management.

Net Income

Net income represents the total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue, indicating the actual profit made during a specified period.

Total Assets

The sum of all resources owned by a company, valued in monetary terms, which includes tangible and intangible items.

Owner's Equity

The amount of assets owned by a business's owner after all liabilities have been deducted.