Which of the Following Are Sources of Competitive Advantage That

question 9

Multiple Choice

Which of the following are sources of competitive advantage that allow a firm to charge a price premium?
I.Quality.
II.Customer lock-in.
III.Innovative products.
IV.Rational price discipline.

• A)I and II only.
• B)I,III,and IV only.
• C)II and III only.
• D)I,II,III,and IV.

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Definitions:

Leadership

The action of leading a group or organization, or the ability to do this.

Ancient Maya

A Mesoamerican civilization known for its hieroglyphic script, architecture, mathematics, calendar, and astronomical system, flourishing in present-day Mexico, Guatemala, Belize, Honduras, and El Salvador.

Calendar

A system of organizing days for social, religious, commercial, or administrative purposes, often based on lunar, solar, or lunisolar cycles.

Interdependence

A relationship between entities where each is mutually dependent on the other, often found in ecological systems, economies, and social relationships.