The text describes Southwest Airlines, which operates in a competitive market but successfully differentiates itself from the competition. This gives Southwest a sustainable competitive advantage. What is a sustainable competitive advantage? Describe an example of a product or business you have encountered that has developed a sustainable competitive advantage. Why is that product's or firm's advantage sustainable?
What will be an ideal response?
A sustainable competitive advantage is something you can consistently do better than the competition. Students' examples will vary, but should include product, operational, locational, or customer excellence that competitors have not been able to duplicate.
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The ________ budget is used for areas of an organization that incur expenses but no revenue, such as human resources and other support departments.
A. production B. sales C. cash D. cost E. capital
Researchers carefully design experiments with independent and dependent variables to test predicted relationships among those variables
Indicate whether the statement is true or false
If $500,000 of 10-year bonds, with interest payable semiannually, are sold for $494,040 based on (1 ) the present value of $500,000 due in 20 periods at 5% plus (2 ) the present value of twenty, $25,000 payments at 5%, the nominal or contract rate and the market rate of interest for the bonds are both 10%
Indicate whether the statement is true or false
________ is an interest in real property that lasts for a specified person's lifetime
A) Life estate B) Fee simple absolute C) Servient estate D) Fee simple defeasible