Which of the Following Statements Regarding Competitive Parity and Competitive

question 70

Multiple Choice

Which of the following statements regarding competitive parity and competitive advantage is accurate?

• A) Some firms develop valuable,rare,and costly-to-imitate resource and capabilities in being efficient second moversthat is,imitating and improving on the product and technological innovations of other firms.
• B) Firms that benchmark their performance against the performance of successful competitors can expect to develop at least a temporary competitive advantage.
• C) Firms must be first movers to gain competitive advantages.
• D) Even if all a firm does is create value in the same way as its competitors,the firm can expect to earn at least a temporary competitive advantage.

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