A Competitive Advantage Refers to

question 195

Multiple Choice

A competitive advantage refers to

• A) the cluster of benefits that an organization promises customers to satisfy their needs.
• B) those characteristics of a product that make it superior to competitive substitutes.
• C) a unique strength relative to competitors that provides superior returns, often based on quality, time, cost, or innovation.
• D) actions taken by a firm with the sole intent of putting a competitor out of business.
• E) the added value given to a product beyond the functional benefits provided.

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Definitions:

Chest Circumference

A measurement around the chest of an individual, often used in clinical settings to assess growth and development in children.

Equal

Having the same value, quantity, or measure as another object or entity.

Binocularity

The ability of both eyes to work together to achieve a single visual perception, important for depth perception.

Crossed Eyes

A condition where the eyes do not align properly and point in different directions.