The Following Are Some of the Competitive Advantages That Can

question 7

Multiple Choice

The following are some of the competitive advantages that can last longer:
I. proprietary technology
II. protected markets with high barriers to entry by other firms
III. strategic assets that competitors cannot easily duplicate

• A) I only
• B) II only
• C) I and II only
• D) I, II and III

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Definitions:

Congressional Appropriations

The legal process by which the United States Congress allocates federal funds to various government agencies, departments, and programs.

Board of Governors

refers to the leading body or group of individuals overseeing the operations and policy-making of an organization, such as a central bank.

Monetary Policy

The macroeconomic policy laid down by the central bank involving management of money supply and interest rate to control inflation, consumption, growth, and liquidity.

Rational Expectations

The hypothesis that individuals form forecasts of future events based on past and current information in a consistent and unbiased manner.