A Sustainable Competitive Advantage Is Based on a Core Competency

question 18

True/False

A sustainable competitive advantage is based on a core competency that the firm does better than others.

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Definitions:

Fixed-Interval Reinforcement

A reinforcement schedule in which the initial response is reinforced only after a certain period of time has passed.

Extinguish

In psychology, to diminish or eliminate a learned response, typically by no longer pairing the stimulus with the reinforcement.

Fixed-Ratio Schedules

A type of reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses, leading to a high and steady response rate.

Response Rates

The percentage of people who answer or respond to a survey or inquiry.