Which of the Following Best Describes Competitive Parity

question 42

Multiple Choice

Which of the following best describes competitive parity?

• A)When a company survives but has no real competitive advantage over rivals
• B)When firms that can't create value for their stakeholders don't survive
• C)When firms combine the legal, administrative, and cultural elements to produce an inimitable product
• D)When firms introduce valuable products that are also unique and rare

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Definitions:

Resistance

The refusal to accept or comply with something; in psychology, it can refer to the pushback from clients against therapeutic interventions.

Fosters Progress

Encouragement or support that leads to advancement or improvement in a situation or condition.

Prevent Losses

Strategies or actions taken to avoid or minimize potential or actual losses.

Personalization

A cognitive distortion where an individual believes that events are personally relevant to them, often blaming themselves for situations outside their control.