Competitive Advantages Are Often Founded on Technical Excellence, Customer Loyalty

question 102

True/False

Competitive advantages are often founded on technical excellence, customer loyalty or superior capabilities, and can usually be easily imitated

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Definitions:

Coordination

The capacity to coordinate various body parts seamlessly and effectively.

Internalization of Schemes

The process by which individuals absorb and integrate new information into existing cognitive frameworks or structures, as proposed by Jean Piaget.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed, seen as a key developmental milestone in infants.

Imitate

To copy or mimic the actions, behaviors, or appearances of someone or something.