QUESTION 14

1. Identify a primary way in which companies achieve cost advantage through lower-cost inputs.

   		By getting inputs from far-off locations, regardless of cost
   		By locating the highest quality and most unique inputs
   		By cooperating especially well with suppliers
   		By allowing suppliers to exercise strong bargaining power

4 points

QUESTION 15

1. Where are in-text citations placed in an APA Style essay?

   		At the bottom of each page
   		After the closing punctuation mark at the end of a sentence
   		In the reference list
   		In round brackets after quotations or paraphrases

4 points

QUESTION 16

1. TumbleDry Inc., a washing machine company, has been able to make minimal profits in the market. However, TumbleDry has not been able to come up with any product innovations that are unique and hard to imitate. This scenario best exemplifies __________.

   		competitive failure
   		competitive parity
   		competitive advantage
   		competitive success

4 points

QUESTION 17

1. An advantage a firm has over its competitors by making a product more attractive by offering unique qualities in the form of features, reliability, and convenience that distinguish it from competing products.

   		Internal analysis
   		Cost advantage
   		Above-average profits
   		Differentiation advantage