When an Organisation Has Resources and Capabilities That Provide It

question 33

True/False

When an organisation has resources and capabilities that provide it with a distinctive edge for meeting customer or client needs in the marketplace,they are said to have a competitive advantage.

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Definitions:

Payments

Transactions or transfers of money from one party to another, often in exchange for goods or services.

Annuity

A series of payments of a fixed amount for a specified number of periods.

Supplement Income

Additional income earned beyond the primary source of income, often used to meet extra expenses or save for future needs.

Going Rate

The current average or standard price for goods or services in a particular market or industry.