Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. part a which of the following is not a valid state

PART A Which of the following is not a valid statement? Multiple Choice ...

80.2K

Verified Solution

Question

Accounting

PART A

Which of the following is not a valid statement?

Multiple Choice

  • Companies that consistently earn rates of return above the floor are said to have a competitive advantage.

  • Competition in an industry continually works to drive down the rate of return on assets toward the competitive floor.

  • Rates of return that are higher than the industry floor stimulate more competition as existing companies innovate and expand their market reach or as new companies enter the industry.

  • Competitive ceiling is the rate of return that would be earned in the economists "perfectly competitive" industry.

PART B

Strategies to gain a competitive advantage include product differentiation and

Multiple Choice

  • improving product quality and reliability.

  • low-cost leadership.

  • building brand loyalty.

  • developing superior products.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students