A Competitive Advantage Refers to

question 195

Multiple Choice

A competitive advantage refers to

• A) the cluster of benefits that an organization promises customers to satisfy their needs.
• B) those characteristics of a product that make it superior to competitive substitutes.
• C) a unique strength relative to competitors that provides superior returns, often based on quality, time, cost, or innovation.
• D) actions taken by a firm with the sole intent of putting a competitor out of business.
• E) the added value given to a product beyond the functional benefits provided.

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Definitions:

Diagnostic Categories

Refers to official classifications of mental disorders and illnesses, as outlined in diagnostic manuals such as the DSM and ICD.

Reliability

The degree to which the results of a measurement, test, or study can be depended on to be consistent over time.

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting daily functioning.

Mental Retardation

An outdated term formerly used to describe a condition of significantly below-average cognitive ability present from birth or early infancy. Now more commonly referred to as "intellectual disability."