The Ability of a Firm Achieving a Good Level of Profit

question 54

Multiple Choice

The ability of a firm achieving a good level of profit thanks to its resources and capabilities depends on:

• A)Many factors in addition to the firm's competences
• B)The ability of top managers to effectively and efficiently guide the firm through the strategic management process
• C)Its ability to use them to establish and to sustain, competitive advantage and to appropriate the returns by deploying its competitive advantage
• D)Its ability to perform better than its rivals, to extract more value than similar firms in the same strategic group, and to distribute the value to its stakeholders