A Competitive Advantage

question 25

Multiple Choice

A competitive advantage

• A)can be permanent if the firm has successfully implemented the strategic management process.
• B)entails reducing investors' risk to near zero.
• C)can be identified only if it has been unsuccessfully challenged by competitors.
• D)exists when competing firms are unable to find investors.

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Definitions:

Possession

The state of having, owning, or controlling something, or in some contexts, a state in which a person is believed to be influenced or controlled by an external entity.

Nervous Breakdown

A non-medical term that signifies a period of intense mental distress, where an individual is unable to function normally in everyday life.

Mental Hygiene Movement

A movement started by Dorothea Dix (1802–1887), a Boston schoolteacher, characterized by a desire to protect and provide humane treatment for the mentally ill. Her campaign resulted directly in the opening of 32 state hospitals, including 2 in Canada. Despite the noble aims, the asylums were overcrowded and the staff had no time to do more than warehouse and restrain the patients.

Psychosocial Treatments

Therapeutic interventions that focus on improving psychological well-being and social functioning through counseling, psychotherapy, and community support.