What Is a Competitive Advantage

question 17

Multiple Choice

What is a competitive advantage?

• A) A feature of a product or service on which customers place a lesser value on than on similar offerings from a new competitor.
• B) A brand name customers place a greater value on than the quality of the product or service.
• C) A service that 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 on similar offerings from competitors.

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Definitions:

Income Taxes

Taxes charged by the government on earnings generated by businesses and individuals within its jurisdiction.

Net Present Value

A calculation used to estimate the value of an investment, adjusting for its cash inflows and outflows over time and discounting them to the present day.

Post Audit

A review conducted after the completion of a project or period to evaluate its compliance with projected outcomes and objectives.

Capital Budgeting

It is the process of evaluating and selecting long-term investments that are in line with the goal of shareholders' wealth maximization.