Post Utme Uniosun 2019 Commerce Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

A firm's competitive advantage is the ability to produce a product or service at a lower cost than its competitors. Which of the following is a characteristic of a firm's competitive advantage?

Answer Options

Correct Answer A. A firm's competitive advantage is the ability to produce a product or service at a lower cost than its competitors
B. A firm's competitive advantage is the ability to produce a product or service at a higher cost than its competitors
C. A firm's competitive advantage is the ability to produce a product or service at the same cost as its competitors
D. A firm's competitive advantage is the ability to produce a product or service at a higher quality than its competitors
Correct Answer
A
Correct Option:
A firm's competitive advantage is the ability to produce a product or service at a lower cost than its competitors

About This Question

This is Post Utme Uniosun 2019 Commerce Question 20. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

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