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Competitive Advantages Are Normally the Result of Superiority in One

question 66

Multiple Choice

Competitive advantages are normally the result of superiority in one of three areas. Which of the following is one of them?


Definitions:

Probabilities

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Nonprogrammed Decision

A decision made in response to situations that are unique, relatively unstructured, and undefined, often requiring creative problem-solving.

New Market

Refers to either a completely unexplored market sector or geographic area where a product, service, or business can expand.

Certain Environment

A specific or defined setting or context in which activities or operations occur.

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