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A firm will develop a competitive advantage if it has which of the following traits?
Investment
Assets acquired or money spent in the hope of generating income or profit over time, including stocks, bonds, property, or equipment.
Compound Interest
Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Future Value
The worth of a short-term asset at a future date, calculated by projecting its growth at a certain rate over a period of time.
Present Value
The worth today of a future amount of money or sequence of cash inflows, based on a defined rate of return.
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