Answer:
The correct answers are:
1) "B": a common resource.
2) "A": excludable and rival.
Explanation:
1) A common resource is one that provides tangible benefits. This is the type of resource that can be used by several people at the same time without excluding the availability for its use to others. If they are not owned by anyone they take the name of open-access resources.
2) A good is excludable and rival if someone can prevent the use of it and when its use necessarily implies others not using it. Under this category fall all private resources since their ownership belongs to a certain number of people only if not only one.
Answer:
An important issue to address because the new ratio suggests the product sales of these strategically important products has slowed significantly.
Explanation:
Since in the question it is mentioned that the inventory turnover ratio would be decreased from 6 to 2 so here this means that the new ratio would be significant for that products who has fall significantly as there is a more inventory as compared with the sales of the company
Also the inventory turnover ratio represents the problem that show the fall in the sales & overstocking
Answer:
B. Outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, technological superiority, or unusually good value for the money
Explanation:
The correct statement above describes a strategy that focuses on many areas at the same time with the goal of increasing competitiveness across the firm.
Because the firm becomes competitive in many areas such as quality, amount of products offered, technology, and marketing, it is harder for competitors to outperform it in all of those aspects at the same time.
Even if the firm loses its grip in one area, it still remains competitive in other areas, and that is the very definition of a sustainable competitive advantage.
