Firms That Have a Sustained Competitive Advantage Will Find That

question 75

Multiple Choice

Firms that have a sustained competitive advantage will find that:

• A)​Anticipation of future needs is still necessary.
• B)​The particular advantage will last indefinitely.
• C) ​Sustained competitive advantage is realistic in today's global competition.
• D) ​They have eliminated all non-value-adding activities.

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Definitions:

Phenomenon

An observable event or fact that can be scientifically described or explained.

Interrelated

Elements or factors that are connected to one another in such a way that changes in one may affect the others.

Interdependent

Mutually dependent; the condition in which two or more persons or elements rely on each other for support, functioning, or survival.

Systematic Approach

Involves a structured, methodical process for solving problems or achieving objectives, often based on a step-by-step methodology.