A Competitive Advantage

question 25

Multiple Choice

A competitive advantage

• A)can be permanent if the firm has successfully implemented the strategic management process.
• B)entails reducing investors' risk to near zero.
• C)can be identified only if it has been unsuccessfully challenged by competitors.
• D)exists when competing firms are unable to find investors.

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Definitions:

Groupthink

A phenomenon where the desire for harmony or conformity in a group leads to an irrational or dysfunctional decision-making outcome.

Critical Discussion

A comprehensive analysis or debate where ideas, assumptions, and evidence are questioned and examined in depth.

Unpleasant Circumstances

Situations or conditions that are difficult, uncomfortable, or distressing to experience or endure.

Inter-team Group Technique

A method aimed at enhancing cooperation and efficiency among different teams within an organization by improving communication and resolving conflicts.