Innovations Can Lead to Competitive Advantage Only If They Are

question 31

Multiple Choice

Innovations can lead to competitive advantage only if they are:

• A) valuable.
• B) difficult to exploit.
• C) easily transferred between businesses.
• D) very costly to develop.

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Definitions:

Daily Management

The continuous process of planning, monitoring, controlling, and adjusting day-to-day business operations and activities.

Taxed

Subjected to taxation by governmental authorities, relating to the imposition of financial charges on individuals or property.

Corporate Social Responsibility

Practices and policies undertaken by a company to have a positive influence on the world, beyond what is required by regulators or environmental protection groups.

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on social, environmental, and financial criteria.