Competitive Advantage

True

False

Decreasing the price

Only selling the product online

Improve the quality of the product or service

Targeting the same market as its competitor

Differentiating the product or service

Offering a high cost product

Decreasing productivity

All of the above

Nations produce goods and services they can sell for a profit.

It influences the development of a variety of industries.

It makes efficient use of human resources.

Nations monitor the percentage of their urban population.

Imports

Specialization

Exports

Globalization

Developing new product or services

Entering new markets

Increasing customer loyalty

Decreasing sales

cost differentiation

cost leadership

product differentiation

distribution differentiation

service upgrading

product enhancement

service alternatives

product differentiation

physical resources

human resources

organizational resources

all of the above

offering more products

competing with similar products

providing superior value to customers

undertaking an analysis of competitors' weaknesses