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The Banking Industry Has Implemented Several Competitive Advantages Including ATM's

question 131

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The banking industry has implemented several competitive advantages including ATM's, online bill pay services, and electronic statements. Of course, these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry. These were all examples of ________ competitive advantages.


Definitions:

Admits to the Contract

The act of acknowledging or affirming one's acceptance of the terms and conditions of a contract, making it legally binding.

UCC

stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Sufficient Electronic Record

An electronic document that contains all the necessary information to be legally recognized and enforceable.

Car Dealer

A business entity that sells new or used automobiles in a retail setting, typically operating under a dealership contract with an automaker or sales subsidiary.

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