Unique Attributes of Firms That Give Them a Competitive Edge

question 9

Multiple Choice

Unique attributes of firms that give them a competitive edge are called:

• A)functional strategies.
• B)Balanced Scorecards.
• C)supply chains.
• D)core competencies.
• E)sustainable initiatives.

Identify key trends driving the growth of information technology in supply chain management.

Appreciate the importance of information quality in effective business decision-making.

Understand the limitations of technology in fixing flawed supply chain processes or compensating for poor quality data.

Recognize the role and growth of RFID technology in inventory and point-of-sale tracking in retail.

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Definitions:

Competitor's Product

A product or service that is offered by one or more companies operating in the same market as another company, serving as alternatives or substitutes.

Operating Cost

The expenses associated with running a business's core operations on a day-to-day basis.

Investment

The allocation of resources, such as capital or time, in expectation of generating future returns.

Required Return

The minimum return an investor expects to achieve by investing in a particular asset, taking into account its risk level.