Financial or economic capability is derived from an advantage related to costs,when a business is able to produce or provide a good or service more cheaply than competitors.

Question

Quizplus · Accepted Answer

Financial or economic capability can be defined as the advantage a business has in terms of costs. If a business can produce or provide a good or service more cheaply than rivals, it can enjoy a competitive edge. Therefore, the given statement is true.

Financial or Economic Capability Is Derived from an Advantage Related