To the Extent That a Company Can Differentiate and Position

question 88

Multiple Choice

To the extent that a company can differentiate and position itself as providing superior customer value, it gains ________.

• A) competitive advantage
• B) complementary assets
• C) service life
• D) core competencies
• E) contingent liability

---

Definitions:

Probability

A measure quantifying the likelihood of a specific event occurring, often expressed as a number between 0 and 1.

Von Neumann-Morgenstern Utility Function

A utility function that assumes individuals can rank their preferences under uncertainty, used in expected utility theory to describe choices.

Insurance

A financial product that provides protection against financial loss or harm, in exchange for the payment of a premium.

Probability

A numeric representation ranging from 0 to 1 that describes the chance of an event taking place, where 0 is an event that won't occur and 1 is an event that is guaranteed.