Which of the Following Examples Illustrates a Firm That Has

question 8

Multiple Choice

Which of the following examples illustrates a firm that has achieved competitive advantage through quality?

• A)A firm that invests less on its production processes
• B)A firm that focuses on producing zero defect products
• C)A firm that uses technology to deliver products to its customers well in advance
• D)A firm that has adequate resources to adapt to different customer needs and preferences
• E)A firm that incurs less expenditures than its competitors,enabling it to charge lower prices than its competitors

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Definitions:

Residual Income

The amount of income that an individual has after all personal debts and expenses have been paid from his or her earnings.

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculated as net profit divided by the initial cost of investment.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of investment.

Deferred Replacement

A decision to postpone the replacement of assets, often to manage costs or due to budget constraints, which may affect operational efficiency.