Warren buffett and berkshire-hathaway have a reputation for fair dealing and a hands-off approach to management. because of this, company founders who are planning for retirement will negotiate with him. other investors may not even hear that a firm is for sale until the sale is announced. berkshire hathaway's culture has created a
a. bargaining chipb. competitive advantagec. negotiating tactic

Competitive Advantage

Explanation:

What Is Competitive Advantage?

Competitive advantages are situation that allows a company to effectively produce their goods at a reasonable price such that it out them ahead of their competitors.

This efficient operation allows the company to make more sales because consumers always favor places where they can get something at a little bit lower price. This can be referred to as comparative advantage like this company which has fair dealing.

Differential Advantage

Is when a company decides to produce a different product or services which will make them stand our from their competitors such as how Apple produces iPhone.

This company also seems to be giving out exceptional services such as hands off approach to management.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.