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Exam (elaborations)
BUS3-189 Final Exam (Questions with correct answers)
business level strategy correct answers way a company positions itself in the marketplace to gain a competitive advantage 
 
v = 
p = 
c = correct answers value (to consumer), price, cost (of production) 
 
v-p = 
p-c = 
v-c = correct answers consumer surplus, profit margin, value created 
 
lowering costs enable a company to: correct answers gain a competitive advantage, undercut rivals on price, gain market share 
 
example of lowering costs - gaining competitive advantage correct answers uber...