If a Firm's Competitive Advantage Comes from External Change, Then

question 65

Multiple Choice

If a firm's competitive advantage comes from external change, then:

• A)The firm responds better to changing prices, technologies or tastes than its rivals
• B)The firm responds faster to changing prices or tastes than its rivals
• C)The firm has better creative capabilities than its rivals
• D)The firm has a lower cost of capital than its rivals

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Definitions:

Graph Design

The process of planning the visual representation of data to communicate information clearly and effectively.

Label

A categorization or identification given to a data point or variable in research or data analysis.

Vertical Axis

The y-axis on a graph or chart, which is typically used to display the dependent variable in a data set.

Y-axis

The vertical axis in a graph or chart, typically used to represent the variable being measured or observed.