Theories of How to Gain Competitive Advantage in an Industry

question 36

Multiple Choice

Theories of how to gain competitive advantage in an industry that emerge over time or that have been radically reshaped once they are initially implemented are known as

• A) emergent strategies.
• B) objective strategies.
• C) planned strategies.
• D) ad hoc strategies.

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Definitions:

Judicial Review

The power of courts to assess whether a law or governmental action is in accordance with the constitution.

Marbury v. Madison

A landmark Supreme Court case in 1803 that established the principle of judicial review in the United States.

Constitutional Convention

A meeting held with the purpose of writing or amending a constitution. In the U.S. context, it refers to the 1787 convention where the Constitution was framed.

Federalists

Supporters of the ratification of the U.S. Constitution, who advocated for a strong national government.