How Has Apple Been Able to Sustain Its Competitive Advantage

question 89

Multiple Choice

How has Apple been able to sustain its competitive advantage in the smartphone industry?

• A) By reducing its network effects
• B) By targeting its new products and services toward laggards
• C) By driving the price for the end user to zero
• D) By regularly introducing incremental improvements in its products

---

Definitions:

Balance of Trade

The difference in value between a country's imports and exports over a given period, indicating the net earnings on foreign trade.

Foreign Trade Sector

The segment of an economy's market dealing with the exchange of goods and services across international borders.

Trade Deficit

A condition where a nation's incoming goods and services are greater than what it sends out.

Domestic Goods Output

The total quantity of goods and services produced within a country's borders, reflecting its domestic economic activity.