If a Firm Has a Service That Is Valuable, Rare

question 59

Multiple Choice

If a firm has a service that is valuable, rare, and costly-to-imitate, but a substitute exists for the service, the firm will

• A) achieve competitive parity.
• B) have a competitive disadvantage.
• C) have a temporary competitive advantage.
• D) gain a sustainable competitive advantage.

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Definitions:

Outpatient Treatment

Medical care or treatment given to patients who visit a healthcare facility but do not require overnight stay.

Problems in Living

Difficulties or challenges encountered in daily life that may affect one’s mental or physical well-being.

Anxiety and Depression

Mental health disorders characterized by persistent feelings of worry, anxiety, or fear, and pervasive low mood or loss of interest in activities, respectively.

Prevention

Actions or strategies aimed at stopping something undesirable, such as disease or adverse behaviors, from occurring.