Competitive Advantage Can Be Defined As

question 43

Multiple Choice

Competitive advantage can be defined as:

• A)A firm's ability to establish market leadership
• B)A firm's ability to grow faster than its competitors
• C)A firm's potential to earn a rate of profit that is persistently higher than its rivals
• D)A firm's potential for launching innovative new products.

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Definitions:

Mass Media

Forms of communication, such as television, newspapers, and the internet, that reach large audiences simultaneously.

Rise of Mass Media

The increase in influence and distribution of mass communication channels, including newspapers, television, and the Internet, affecting large audiences.

Corporate Ownership

The state of holding ownership shares in a corporation, which may include individual stakeholders, institutional investors, or other companies.

Freedom of The Press

The right to circulate opinions in print without censorship by the government, allowing for open and free media.