A Sustainable Competitive Advantage Is a Competitive Advantage That a Company

question 55

True/False

A sustainable competitive advantage is a competitive advantage that a company can continue to exploit over time as it is not easily duplicated.

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Definitions:

Obedience

The act of following orders or instructions from authority figures, often studied in social psychology.

Group Pressure

The influence exerted by a group on its members to conform to the group's norms and expectations.

Conformity

Adapting one's behaviors, beliefs, and attitudes to conform to the standards, policies, or expectations set by a group or the wider society.

Asch

Refers to Solomon Asch, a psychologist best known for his research on conformity, demonstrating that individuals would conform to the group consensus even when the group view was clearly incorrect.