While There Are Many Routes to Competitive Advantage,they All Involve

question 22

Multiple Choice

While there are many routes to competitive advantage,they all involve

• A) building a brand name image that buyers trust.
• B) delivering superior value to buyers in ways rivals cannot readily match.
• C) achieving lower costs than rivals and becoming the industry's sales and market share leader.
• D) finding effective and efficient ways to strengthen the company's competitive assets and to reduce its competitive liabilities.
• E) getting in the best strategic group and dominating it.

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Definitions:

Equitable Treatment

Fair and impartial treatment of all parties involved in a legal matter or transaction.

Uniform Electronic Transactions Act

A set of laws enacted to establish the legal validity of electronic signatures and records in commercial transactions.

Mailbox Rule

A legal doctrine stating that an offer is considered accepted at the moment the acceptance is dispatched, not when it is received by the offeror.

Common Law

A legal system based on precedent and court decisions, rather than written laws and statutes.