Which of the Following Statements About Competitive Advantage Is True

question 24

Multiple Choice

Which of the following statements about competitive advantage is true?

• A) It is unaffected by the strategies taken by the company.
• B) Sustainability is achieved when it lasts for three months.
• C) It exists only when the company's profitability is greater than the 10 highest grossing firms in the world.
• D) It exists only when the company's profitability is greater than the average profitability and profit growth of its rivals.
• E) It is seldom affected by the business model of the company.

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Definitions:

Monetary Threat

refers to the risk of financial loss or damage, which can impact individuals, businesses, or economies.

Comparative Advertising

Comparative advertising involves an advertising strategy where a brand compares its product directly with competing products, emphasizing its advantages to influence consumer preference.

Emotional Appeal

A persuasive technique used in marketing and advertising that targets the audience's emotions to create a connection with the product or brand.

Cognitive Differentiation

The ability to distinguish between different concepts, ideas, or objects, reflecting a level of cognitive complexity and mental flexibility.