A Competitive Advantage

question 25

Multiple Choice

A competitive advantage

• A)can be permanent if the firm has successfully implemented the strategic management process.
• B)entails reducing investors' risk to near zero.
• C)can be identified only if it has been unsuccessfully challenged by competitors.
• D)exists when competing firms are unable to find investors.

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Definitions:

Ongoing Process

A continuous operation or series of actions that evolve over time, indicating that it is not stationary but constantly moving or developing.

Deciding

The cognitive process of choosing between different options or actions.

Tasks

Refers to specific duties or work to be completed by a person or group.

Individual

A single human being as distinct from a group, class, or family.