To Provide a Sustainable Competitive Advantage, a Capability Must Satisfy

question 30

Multiple Choice

To provide a sustainable competitive advantage, a capability must satisfy all of the following criteria EXCEPT be:

• A) technologically innovative.
• B) hard for competing firms to duplicate.
• C) without good substitutes.
• D) valuable to customers.

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Definitions:

Economic Decision Maker

An individual or entity that makes choices regarding the allocation of resources and the distribution of goods and services in an economy.

Economic Models

Simplified representations of reality used to analyze and predict economic phenomena.

High Salaries

Compensation levels significantly above the average for comparable positions, typically reflecting high skill levels, experience, or demand.

Reality

The actual condition of affairs, in contrast to a theoretical or imaginary version of them.