Multiple Choice
Both Bison Autos and Sparrow Inc. incur a cost of $9,000 to manufacture a vehicle. However, the economic value created by Sparrow Inc. is more than that created by Bison Autos. What does this indicate?
A) Bison Autos has a competitive advantage over Sparrow Inc.
B) Both Bison Autos and Sparrow Inc. have achieved competitive parity.
C) Sparrow Inc. can charge a premium price on its automobiles.
D) Bison Autos has created a higher value gap than Sparrow Inc.
Correct Answer:
Verified
Correct Answer:
Verified
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