1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ElenaW [278]
2 years ago
10

A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, genera

ting higher rates of profit than its competitors, is known as
Business
1 answer:
slega [8]2 years ago
5 0

It is known as competitive advantage.

Competitive advantage refers to factors that allow a company to produce goods or services more efficiently or at a lower cost than competitors. These components allow the manufacturing unit to generate more sales or profits than its competitors in the market.

It is the favorable position that a firm seeks in order to outperform its competition.

Competitive advantages are classified into two types: comparative advantages and differentiated advantages.

A company's comparative advantage is its ability to manufacture something more effectively than a rival, resulting in larger profit margins.

A differential advantage occurs when a company's goods are seen to be both distinctive and of greater quality than those of a rival.

To know more about competitive advantage click here:

brainly.com/question/17189107

#SPJ4

You might be interested in
HELP!
Wittaler [7]

Answer:

Ben was trying to reduce kinetic friction

5 0
2 years ago
Read 2 more answers
How is nominal gdp converted to real gdp?
Artemon [7]

By eliminating the effects of price increases on GDP growth

5 0
3 years ago
What is an example of a long term liability?
sergij07 [2.7K]
Prporety it is the long-term
6 0
3 years ago
Read 2 more answers
The Doodad Company purchases a machine for $440,000. The machine has an estimated residual value of $40,000. The company expects
Alika [10]

Answer:

Annual depreciation= $35,000

Explanation:

Giving the following information:

The Doodad Company purchases a machine for $440,000.

The machine has an estimated residual value of $40,000.

The company expects the machine to produce eight million units.

The machine is used to make 700,000 units during the current period.

To calculate the depreciation expense under the units-of production method, we need to use the following formula.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(440,000 - 40,000)/8,000,000]*700,000

Annual depreciation= 0.05*700,000

Annual depreciation= $35,000

5 0
3 years ago
Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His frien
svet-max [94.6K]

Answer:

Vision

Explanation:

Vision is the energy that provides an entrepreneur and its organization with the ability to perform and succeed. An entrepreneur should be the main driving force of the passion and energy that the business or vision needs to survive

3 0
3 years ago
Other questions:
  • Gates Corp. has net income of $172,000, sales of $ 1,453,909, and an accounts receivable balance of $127,100. Assume that 100% p
    13·1 answer
  • Name one way establishing credit
    10·1 answer
  • AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili
    12·1 answer
  • You are considering the purchase of a new car, the reborn VW Beetle, and you have been offered two different deals from two diff
    12·1 answer
  • Suppose the price of pepperoni falls. In the market for pizza, in which pepperoni of a popular ingredient, one would expect that
    15·1 answer
  • Computer user support is another name for:
    9·2 answers
  • The price of labor is $1,000 per day, and the price of capital is $3,000 per day. To hire inputs in a cost-minimizing way, the f
    11·1 answer
  • A portfolio consists of 265 shares of Stock C that sells for $50 and 230 shares of Stock D that sells for $25. What is the portf
    11·1 answer
  • In the workplace today, more emphasis is being put on mental health. But sometimes, employees don't want to be seen as being una
    8·1 answer
  • If bank customers decided as a group to pay off their loans and not take out any new loans, ceteris paribus: Group of answer cho
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!