Competitive advantage goes to the firm that maximizes the difference between the cost of producing a good and the retail price that consumers pay.
Answer the following statement true (T) or false (F)
False
Competitive advantage goes to the firm that achieves the largest economic value created, which is the difference between V, the maximum amount a customer is willing to pay (rather than the price they end up paying in the store), and C, the cost to produce the good or service. The reason is that a large difference between V and C gives the firm two distinct pricing options: (1) It can charge higher prices to reflect the higher value and thus increase its profitability, or (2) it can charge the same price as competitors and thus gain market share. Given this, the strategic objective is to maximize V - C, or the economic value created.
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A. Considered to be an unearned revenue. B. Recorded as liabilities even though it is highly unlikely that the original debtor will default. C. Considered to be contingent liabilities. D. A bad business practice. E. Never disclosed in the financial statements.
The tender offer is open to select holders of the class of shares subject to the tender offer
a. True b. False Indicate whether the statement is true or false
A process begun by citizens to change a state statute or constitution by popular election was the
a. initiative. b. legislative ballot. c. referendum. d. signature measure.
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a. requirements contract b. fulfillment contract c. output contract d. totality contract e. such contracts are not allowed under the UCC