The Identification by a Firm of Its Sources of Competitive

question 41

Multiple Choice

The identification by a firm of its sources of competitive advantage is critical because:

• A)A firm can reduce its costs
• B)A firm can organize its activities differently
• C)A firm can increase its profitability
• D)To continue successfully it is essential that a firm understands why it wins profitable business.

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Definitions:

Motion Sensor

A device that detects physical movement in a particular area and is often used in security systems, lighting controls, and interactive technologies.

Empirical Approach

An evidence-based method that draws on observation and experimentation.

Biopsychosocial Approach

A holistic perspective in psychology that suggests that biological, psychological, and social factors all play a significant role in human functioning in the context of disease or illness.

Critical Thinking

The goal of critically examining and assessing a matter to reach a conclusion.