Which of the Following Is True of Competitive Advantage

question 55

Multiple Choice

Which of the following is true of competitive advantage?

• A)It requires a company to consistently outperform its rivals in generating above-average profits.
• B)It should be avoided by not-for-profit organizations.
• C)It is usually achieved by firms that provide general as well as imitable products.
• D)It can be measured by using only tangible outcomes.

Acknowledge the limitations and appropriate use of specialized language (jargon) in business contexts.

Understand the components and purposes of various business documents.

Analyze the audience to choose the appropriate message strategy (direct or indirect).

Identify formal and informal research methods in business communication.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Favorable Trend

A pattern or movement in financial or operational data that suggests positive performance or outcomes for a business.

Book Value

The net value of a company's assets found on its balance sheet, and is calculated by subtracting liabilities from the total assets.

Machinery

Equipment, especially those powered by fuel or electricity, used in the industrial production or manufacturing process.