An Organization Can Achieve a Competitive Advantage Through Which of the Following

question 90

Multiple Choice

An organization can achieve a competitive advantage through which of the following ways?

• A)Pricing and customer service.
• B)Cost efficiency and quality.
• C)Products and quality.
• D)All of the above.
• E)None of the above.

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Definitions:

Required Return

The minimum rate of return an investor expects to achieve by investing in a particular asset.

Initial Investment

The upfront sum of money required to start a project, purchase an asset, or invest in a business venture.

Cash Break-even Point

The cash break-even point is the level of output or sales at which a business generates enough revenue to cover its operating cash expenses, without necessarily making a profit.

Variable Cost

Outlays that rise and fall with the quantity of production or sales activities, encompassing costs such as materials and labor.