Briefly explain how the value chain is related to competitive advantage
What will be an ideal response?
Every link, or activity, in the value chain is an opportunity to either remove value from or add value to the product the consumer eventually buys. A successful company creates a competitive advantage by performing one or more of the value chain activities better than its competitors.
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________ refers to the characteristics of a product or service that bear on its ability to satisfy stated or implied customer needs
A) Brand equity B) Product quality C) Product labeling D) Brand image E) Brand personality
Which sentence is expressed correctly?
A) Do you think I should spend $39.99 for this shirt. B) Do you think I should spend $39.99 for this shirt? C) Do you think I should spend $39,99 for this shirt?
When a material person's lien is properly filed, the real property to which the improvements
have been made becomes security for the payment of these services. Indicate whether the statement is true or false
Jack is the sole proprietor of Jack's Appliances. He gives out a five-year warranty on all
appliances that he sells. Sara buys a stove from him. A year later, Jack dies and the business is sold to Ken. Sara can now enforce the warranty against Ken. Indicate whether the statement is true or false