Briefly describe competitive advantage

What will be an ideal response?


Competitive advantage refers to an advantage over competitors gained by offering greater customer value, either by having lower prices or providing more benefits that justify higher prices.

Business

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For the business market, a multipurpose absorbent used to clean up any type of spills would be an example of a(n) ________

A) repair product B) operating supply C) maintenance product D) restoration product E) consumer product

Business

________ involves examining past personnel data to determine historical relationships among the number of employees in various jobs or job categories.

A. Regression analysis B. Personnel ratios C. Productivity ratios D. Job analysis

Business

To compute the variable overhead cost variance, first compute the difference between actual cost and standard cost. Then, multiple this difference by standard quantity

Indicate whether the statement is true or false

Business

Earliest due date (EDD) is a priority-sequencing rule that states the job requiring the shortest processing time is the next job to be processed

Indicate whether the statement is true or false

Business