The First Three Principles of Competitive Advantage Include All of the Following

question 95

Multiple Choice

The first three principles of competitive advantage include all of the following except ________.

• A)creating new products
• B)enhancing products or services
• C)locking in suppliers
• D)differentiating the product

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Definitions:

Repetitive Basis

A method or process that is regularly repeated in a consistent manner over time, often used to describe routine transactions or operations.

Deferred Charge

An expenditure paid for in one accounting period but reported as an asset because it will provide benefits in future periods.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.

Plant Asset

Long-lived tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.