What Is a Competitive Advantage

question 253

Multiple Choice

What is a competitive advantage?

• A)a product that an organization's customers place a lesser value on than similar offerings from a competitor
• B)a feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier
• C)a service that an organization's customers place a lesser value on than similar offerings from a supplier
• D)a feature of a product or service on which customers place a greater value than they do on similar offerings from competitors

Analyze the impact of advertisements on contractual obligations.

Evaluate the conditions under which an offer can be considered irrevocable.

Understand the role of intention in the formation of legal contracts.

Distinguish between offers and invitations to treat.

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Definitions:

Uncontrolled Rage

An extreme and uncontrollable emotional state of anger that can lead to aggressive behaviors and potentially harm to oneself or others due to a lack of inhibition or impulsivity.

Cerebral Hemisphere

The cerebral hemisphere refers to one half of the cerebrum, the largest part of the brain; the brain is divided into right and left hemispheres.

Sensory Input

Information gathered by sensory receptors about internal and external changes or stimuli.

Association Areas

Regions of the cerebral cortex that integrate different types of information from multiple brain areas, involved in complex processes like thinking and planning.