Sustainable Competitive Advantage Is

question 69

Multiple Choice

Sustainable competitive advantage is

• A) rarely appreciated by the firm's owners.
• B) of little consequence to profitability.
• C) an idealized position that is unachievable in reality.
• D) a value-creating industry position that is likely to endure over time.

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Definitions:

Industrialized Societies

Societies characterized by a high level of industrialization, technological advancement, and a significant portion of the economy devoted to manufacturing and services.

Work Ethic

A set of values centered on the importance of hard work and diligence, often considered as a virtue or moral belief.

Culture Of Poverty

A theory that suggests poverty creates a unique set of values, behaviors, and attitudes that perpetuate poverty across generations.

Workfare

A government policy requiring individuals to perform work in return for certain benefits, such as unemployment assistance, aiming to reduce dependency on welfare systems.