A(n) ________ Advantage Is a Product or Service That an Organization's

question 152

Short Answer

A(n) ________ advantage is a product or service that an organization's customers place a greater value on than similar offerings from a competitor.

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Definitions:

Adequate Remedies

Legal solutions or compensation that are considered sufficient to remedy a breach of contract or violation of rights.

Commercial Impracticability

A doctrine in contract law allowing parties to be released from their obligations due to unforeseen events that make execution of the contract excessively burdensome.

Frustration of Purpose

A doctrine in contract law that excuses performance of a contract when an unforeseen event undermines the contract's original reason for existence.

Liquidated Damages Clause

A contractual provision that specifies the amount of damages to be paid if a party breaches the agreement.