Competitive Advantage Can Be Defined As

question 21

Multiple Choice

Competitive advantage can be defined as:

• A)The difference between a firm's return on assets and its return on sales
• B)A firm's ability to earn a persistently higher profit margin than its rivals
• C)A firm's ability to earn a profit rate which is persistently higher than its rivals
• D)A firm's ability to outwit its competitors

---

Definitions:

Social Psychology

The scientific study of how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Relate

To establish a connection or association between two or more things, often used to describe how individuals connect or interact with one another.

Experimental Psychologist

A professional in psychology who specializes in designing and conducting experiments to study behavior and mental processes.