Which of the Following Is the Proper Interpretation of Competitive

question 19

Multiple Choice

Which of the following is the proper interpretation of competitive disadvantages for an organizational weakness that exhibits high value, is not rare, is easy to correct, and such that competitors can sustain their advantage?

• A)Short-term competitive disadvantage.
• B)No competitive disadvantage.
• C)Long-term competitive disadvantage.
• D)Neither a competitive advantage nor disadvantage.

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Definitions:

Conditional Estate

An ownership interest in which the holder has the same interest as that in a fee simple absolute except that this interest is subject to a condition.

Condominium Association

An organization comprising owners of individual units within a condominium project, responsible for enforcing the bylaws and managing the common properties.

Declaration

A formal statement, announcement, or document outlining intentions, conditions, or observations on certain matters.

Covenants

Legally enforceable agreements or promises within a deed or contract, specifying actions the parties must or must not engage in.