A Sustainable Competitive Advantage Is an Advantage That Other Firms

question 73

True/False

A sustainable competitive advantage is an advantage that other firms cannot immediately copy.

---

Definitions:

Franchising

A business model that allows individuals to own and operate their own business using the branding and systems of an established company.

License

A legal permission granted by an authority to engage in a certain activity or to use a certain property that belongs to someone else.

Sovereign Immunity

A legal doctrine that exempts governments and their agents from being sued without their consent.

Act Of State Doctrine

A principle in international law that shields a nation from being sued in the courts of another nation for its sovereign acts.