Consider the Criteria Necessary for Sustainable Competitive Advantage

question 40

Multiple Choice

Consider the criteria necessary for sustainable competitive advantage.Which of the following combinations would most likely bring about a temporary competitive advantage and the possibility for above-average returns?

• A) Valuable, rare, not costly to imitate, and possibly substitutable
• B) Valuable, rare, costly to imitate, and possibly substitutable.
• C) Valuable, not rare, not costly to imitate, and possibly substitutable.
• D) Valuable, not rare, costly to imitate, and substitutable.

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Definitions:

Income Effect

The effect of income variations in individuals or economies on the demand levels for goods and services.

Corporate Profit

The financial surplus gained by a corporation after deducting all costs, taxes, and expenses from revenue.

Physical Capital

The stock of tangible goods like machinery, buildings, and infrastructure that are used in production.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.