Anything That a Firm Does Especially Well Compared to Rival

question 42

Multiple Choice

Anything that a firm does especially well compared to rival firms is referred to as

• A)competitive advantage.
• B)comparative advantage.
• C)an external opportunity.
• D)opportunity cost.
• E)sustainable advantage.

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Definitions:

Trait Factor

An element of personality that is considered to be stable across time and situations, contributing to consistent patterns of thoughts, feelings, and behaviors.

Emotional Well-being

A state where an individual experiences positive emotions, satisfaction with life, and a sense of purpose and meaning.

Trait

A characteristic or quality that distinguishes an individual, often referring to consistent patterns of thought, emotion, and behavior.

Hostility

An emotion or attitude characterized by bitterness, aggression, and a tendency to initiate conflict or react aggressively to challenges.