Competitive advantage is the ability of a company to ________.
A) identify changes in consumer tastes and preferences
B) outperform another company because its managers are able to create more value from the resources at their disposal
C) develop a flexible organization structure that can quickly respond to changes in the environment
D) achieve economies of scale by manufacturing a product in large volumes
Question 2
Which of the following terms refers to all forms of pay or rewards going to employees and arising from their employment?
A) salary
B) employee benefits
C) wage reimbursement
D) employee compensation
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