According to the Text, One of the Basic Building Blocks

question 43

Multiple Choice

According to the text, one of the basic building blocks of competitive advantage is:

• A) quantity.
• B) logistics.
• C) variety.
• D) distribution.
• E) innovation.

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Definitions:

Agency Agreement

A contract in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions.

Commission

A fee or percentage of a transaction paid to an agent or broker for facilitating a sale or service.

Lease

A contractual agreement by which one party (the lessor) grants another party (the lessee) the right to use an asset, property, or space for a specified period in return for payment.

Adequate Supply

Refers to a quantity of goods or materials that is sufficient to meet demand or requirements.