If a Firm Has a Service That Is Valuable, Rare

question 59

Multiple Choice

If a firm has a service that is valuable, rare, and costly-to-imitate, but a substitute exists for the service, the firm will

• A) achieve competitive parity.
• B) have a competitive disadvantage.
• C) have a temporary competitive advantage.
• D) gain a sustainable competitive advantage.

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Definitions:

Average Weight

The mean mass of a group of objects or individuals, calculated by dividing the total weight by the number of objects or individuals.

Predictors

Variables or factors that are used in statistical models to forecast or estimate another variable of interest.

Best Predictor

A variable or factor that most accurately forecasts or indicates a specific outcome.

Linear Effects

The impact on a dependent variable that is directly proportional to the change in an independent variable.