If TechnoGeek and VarsityBlue Compete in the Same Market for the Same

question 6

Multiple Choice

If TechnoGeek and VarsityBlue compete in the same market for the same customer and TechnoGeek generates $900 of economic value each time it sells a product or service while VarsityBlue generates $400 of economic value each time it sells a product or service, TechnoGeek has a(n) ________ of $500.

• A) perceived benefit
• B) economic value
• C) cost advantage
• D) competitive advantage

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Definitions:

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs.

Tasks

Specific pieces of work to be done, often as part of a larger project or goal.

Sympathetic Nervous System

A part of the autonomic nervous system that prepares the body for physical activity by increasing heart rate, constricting blood vessels, and raising blood pressure.

Accelerator

A device, typically a pedal, that controls the speed of a vehicle's engine.