Which of the Following Is the Best Way to Build

question 67

Multiple Choice

Which of the following is the best way to build a sustainable competitive advantage using product excellence?

• A) being the first to offer customers desired features,even if competitors can copy them easily
• B) positioning the product using a clear,distinctive brand image
• C) having the most features on each model
• D) focusing on being cutting edge and continually eliminating older features that are still in use by customers
• E) copying the market leader's features,but at a lower cost

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.

Inventory Conversion Period

The average time it takes for a company to turn its inventory into sales.

Compensating Balance

A minimum bank account balance that a borrower is required to maintain with a lender as part of a loan agreement, often used to offset the cost of maintaining the loan.

Deficit Financing

The practice of funding government spending by borrowing rather than from taxation, leading to budget deficits.