While There Are Many Routes to Competitive Advantage,they All Involve

question 11

Multiple Choice

While there are many routes to competitive advantage,they all involve

• A)building a brand name image that buyers trust.
• B)delivering superior value to a broad or narrow market of buyers in ways rivals cannot readily match.
• C)achieving lower costs than rivals and becoming the industry's sales and market share leader.
• D)finding effective and efficient ways to strengthen the company's competitive assets and to reduce its competitive liabilities.
• E)getting in the best strategic group and dominating it.

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Definitions:

Fixed Manufacturing Overhead

Costs that do not change with the level of production output and are required to operate a manufacturing facility, such as rent and salaries of managers.

Machine-Hours

A gauge of manufacturing output or activity determined by the operation duration of machinery.

Machine-Hours

A measure of production time, calculated as the number of hours a machine is operated within a given period, used for allocating machine-related costs.

Manufacturing Overhead

All the costs associated with manufacturing a product that cannot be directly attributed to a specific unit of production, such as factory rent, utilities, and maintenance.