Competitive Advantage Can Be Defined As

question 3

Multiple Choice

Competitive advantage can be defined as:

• A) the ability of customers to properly perform and co-produce their part of a service.
• B) a firm's ability to achieve market and financial superiority over its competitors.
• C) a pattern or plan that integrates an organization's major goals, policies, and action sequences into a cohesive whole.
• D) a firm's ability to commercialize a device, method, or idea that differs from existing norms.

Understand the different types of web platforms and their uses in collaboration and project management.

Identify and describe the key developments in the evolution of the web.

Recognize the role of peer-to-peer models and collaborative consumption in the digital economy.

Appreciate the significance of user-generated content and the 80-20 rule in content creation.

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Definitions:

Feasibility Criteria

The standards used to assess the practicality and likelihood of successfully implementing a project or solution.

Political and Administrative

Pertaining to the activities, strategies, and operations that govern a nation or organization and the conduct of its administration.

Policy Options

Different strategies or courses of action that are available for addressing a particular public issue or problem.

Not-for-profit Agencies

Organizations that operate for purposes other than generating profit, often focused on social, educational, or charitable activities.