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:

Tariffs

Taxes imposed on imported goods, typically used to protect domestic industries and raise government revenue.

Tariffs

Taxes imposed by a government on imported goods and services, often used to protect domestic industries from foreign competition or to generate revenue.

Sweden

A Scandinavian country in Northern Europe, known for its advanced welfare system, high standard of living, and innovative technology.

Absolute Advantage

The capacity of an entity to generate a higher volume of a certain good, product, or service compared to its rivals, while employing the same quantity of resources.