A Company Has a Competitive Advantage When It Can

question 56

Multiple Choice

A company has a competitive advantage when it can:

• A) offer customers a product/service that has more value to them than similar products offered by other companies
• B) the business plan is competitive and executed properly
• C) customers are attracted to the company's product/service offering(s)
• D) the company generates money, or revenue, from the sale of the product.
• E) All of the above

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Definitions:

Collateral

An asset that a borrower offers to a lender to secure a loan, which the lender may seize if the borrower fails to repay the loan.

Perfected Security Interest

A perfected security interest is a legal claim or lien on collateral that has been publicly filed or registered, ensuring priority over others in the event of debtor default.

Financing Statement

A document filed to indicate a security interest in personal property, used to secure or claim debts.

ABC Electronics

A hypothetical or generic name often used to represent a fictional electronics company or retailer.