The Turmeric Tea Co Has Become Highly Efficient in Developing

question 150

Multiple Choice

The Turmeric Tea Co has become highly efficient in developing and manufacturing new turmeric tea products for the market. It far surpasses its competitors in these areas. Recently, major medical journals have started describing how turmeric tea can be highly advantageous for consumer health. This is likely to give the Turmeric Tea Co a ______________ because it is able to match its skills with opportunities in the marketplace.

• A)core competency
• B)competitive advantage
• C)new marketing objective
• D)market opportunity
• E)strategic advantage

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Definitions:

Wage Rate

Wage Rate is the standard amount of compensation for labor, paid on an hourly, daily, or piecework basis.

Labor Hired

The process of employing individuals to perform various tasks within a business or organization.

Inputs Employed

The resources, including labor, capital, and materials, used in the production of goods and services.

Additional Revenues

Income received that is above and beyond the standard or expected revenue streams.