Response-Based Competitive Advantage Can Be

question 85

Multiple Choice

Response-based competitive advantage can be:

• A)flexible response.
• B)reliable response.
• C)quick response.
• D)all of the above.
• E)none of the above.

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Definitions:

Economic Model

A simplified representation or framework that economists use to describe and analyze economic processes, relationships, or phenomena.

Capital Goods

Long-lasting goods purchased and used by businesses to produce goods and services and contribute to their output.

Investment

The allocation of resources, often money, into assets or projects with the expectation of generating profit or income.

Marginal Costs

The increase in the sum total of expenses that comes with the production of one additional unit of a product or service.