Technol Medical Products Makes Specialty Facemasks to Shield Health Care

question 107

Multiple Choice

Technol Medical Products makes specialty facemasks to shield health care workers from infection. Because it focuses on this narrow market, it is able to outsell its primary competitors-3M and Johnson & Johnson. Which type of advantage does Technol Medical Products have?

• A)sustainable competitive advantage
• B)service differentiation competitive advantage
• C)niche competitive advantage
• D)cost competitive advantage

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Definitions:

Months

Units of time, approximately 1/12th of a year, used in calendars to segment time.

Maturity Value

The total amount that will be paid to the investor at the end of a fixed-income investment's life.

Months

Units of time, each roughly equivalent to one twelfth of a year, used in planning and organizing.

Rate Of Interest

The percentage of the principal that will be charged for a particular period of time, normally one year.