Which of the Following Is a True Statement About Competitive

question 7

Multiple Choice

Which of the following is a true statement about competitive advantages?

• A) Tangible resources are more important than intangible resources.
• B) Tangible resources are more difficult to obtain than intangible resources.
• C) Valuable and substitutable resources increase long-term customer loyalty rates.
• D) Valuable and rare resources that are easily substituted provide short-term advantages.

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Definitions:

Earnings Per Share

A measure of a company's profitability that calculates how much money shareholders would receive for each share they own if all profits were distributed.

Going Concern Assumption

A principle in accounting that assumes a company will continue its operations into the foreseeable future and is not expected to liquidate.

Fair Value

The price of an asset in the market at which it could be bought or sold, reflecting its current value under normal conditions.

Conceptual Framework

A set of theoretical principles and concepts that underpin the structure, preparation, and presentation of financial statements.