A Business That Strives for a Low-Cost Advantage Must Attain

question 69

Multiple Choice

A business that strives for a low-cost advantage must attain a(n) ________ cost advantage over rivals.

• A) relative
• B) evolutionary
• C) absolute
• D) potential

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Definitions:

Competence

The ability or skillset required to efficiently and effectively perform specific tasks, roles, or duties.

Confidence

A feeling or belief in one's abilities, qualities, or judgment, often conveyed in one's demeanor or speech.

Web Meeting

An online meeting held over the internet allowing participants to communicate in real-time.

Web-Based

Applications or services that are hosted on the internet and accessible through a web browser.