A Company with the Ability to Provide a Unique Product

question 38

Multiple Choice

A company with the ability to provide a unique product or service that offers something of value to buyers besides simply a lower price has which of the following advantages?

• A) relationship building advantage
• B) niche advantage
• C) differential competitive advantage
• D) comparative advantage

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Definitions:

Inventory Purchases

The act of buying products or goods to be sold or used in the production process by a company.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company.