A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, generating higher rates of profit than its competitors, is known as

A. competitive advantage.
B. comparative advantage.
C. international strategy.
D. resource leverage.
E. strategic dominance.


Answer: A

Business

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Concerning foreign exchange trading, bank purchases from and sales to their customers are classified as retail transactions when the amount involved

a. is less than 100,000 units of currency. b. is less than 500,000 units of currency. c. is less than 1 million units of currency. d. is greater than 1 million units of currency.

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Follow-up activities to a meeting include:

a. None of the answers are correct. b. distributing an agenda promptly. c. writing an article for the company newsletter. d. verifying that assigned duties are underway.

Business

Tacit knowledge tends to be the primary focus of formal training and employee development.

Answer the following statement true (T) or false (F)

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What is a data steward responsible for?

A. Ensuring policies and procedures are implemented across the organization. B. Acting as a liaison between the MIS department and the business. C. Both A and B. D. None of these.

Business