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REY [17]
3 years ago
11

Competitive advantage refers to:

Business
1 answer:
True [87]3 years ago
7 0

Answer:

d. refers to how a firm does something unique to create added value.

Explanation:

The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.

The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.

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2. What kind of good is it? Determine whether each of the following goods is a private good, a public good, a common resource, o
erastovalidia [21]

Answer:

1- A cabana along a beach that is open to the public --- Common resource

2- A new drum set for you to play in your friend's band --- Private good

3- A large, beautiful statue in a town square --- Public good

Explanation:

1- Common resources are goods that are not excluded, but are rival. Not excluded means that no restrictions can be imposed on the use, such as paying a price, for example because there is no personnel or technical provision available to enforce this.

2- Private goods are defined as goods that are excluded and rival. Private goods are the opposite of public goods.  

Excluded means that some consumers can be excluded from the use of this good. For example: Someone has bought a good and decides who uses the good.  

In turn, rival means that, if used properly, it cannot be consumed again or simultaneously by others.

3- A public good is a commodity or service characterized by two basic characteristics: non-rivalry and non-excludability.

Non-rivalry means that a person's consumption of a commodity does not affect the quantity or quality of the same commodity that another person can consume.

Non-excludability means that it is impossible to exclude anyone from the consumption of an item (for example, because it did not pay for the item). Goods that hold only one of the properties are called semicollective goods, while the goods that possess both properties are called genuine collective goods.

5 0
3 years ago
A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years Please select the best answe
Sliva [168]

Answer:it is D. Hope it helps

Explanation:

7 0
3 years ago
Read 2 more answers
What regulations or laws exist surrounding manufacturing, shipping, and use of plastic in a factory?
PIT_PIT [208]

Regulations exist according to the Green New Deal signed in the UN and applied rather loosely inside the country.

Explanation:

The green new deal is basically responsible for the laws that are being written over the use of plastic and its manufacture and shipping in the country due to the volatility of plastic products in the environmental sphere and how terribly they have been responsible for global warming.

The laws according to the Green New Deals regulate the making of plastic in function to its consumption, effect to the environment and the decay rate.

5 0
3 years ago
Identify which of the following statement(s) is (are) correct as to why accounting is important. (check all that apply.) manager
Dominik [7]

Answer:

The correct statements are A, B and C

Explanation:

Accounting plays a important role while running a business as it helps the company in keeping a track of expenditures as well as income, it ensures the statutory compliance.

Provide the owners, managers, investors and creditors reliable information so that could take the decisions.

It summarizes the information and help in conveying the information related to the firm activities.

It records as well as communicate the information regarding the business.

7 0
3 years ago
How do economists and bankers determine how much the money supply will increase with each deposit?
nordsb [41]
They do it by calculating the interest payments I believe. Hope this helped.
5 0
3 years ago
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