What Is a Competitive Advantage

question 29

Multiple Choice

What is a competitive advantage?

• A)A product that an organisation'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 organisation'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.

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Definitions:

Functional Residual Capacity

The volume of air remaining in the lungs after a normal, passive exhalation.

Total Lung Capacity

The maximum amount of air the lungs can hold, which is the sum of the vital capacity and the residual volume.

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation, a measure of lung capacity.

Expiratory Reserve Volume

The extra quantity of air that one can expel with force after completing a standard breath out.