How Has Apple Been Able to Sustain Its Competitive Advantage

question 70

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

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Definitions:

Provisional Income

It's the total income a person has, including tax-exempt interest and half of their Social Security benefits, used to determine the taxability of Social Security benefits.

Social Security Benefits

Payments made to eligible individuals from the government, intended to support retirees, disabled persons, and survivors of deceased workers.

Taxability

The condition of being subject to taxes; applicable to income, goods, services, and transactions that can be taxed.

NonTaxable Income

Income that is not subject to taxation by the IRS or state tax authorities; examples include certain gifts, inheritances, and some types of insurance payouts.