Which of the Following Is True of Competitive Advantage

question 55

Multiple Choice

Which of the following is true of competitive advantage?

• A)It requires a company to consistently outperform its rivals in generating above-average profits.
• B)It should be avoided by not-for-profit organizations.
• C)It is usually achieved by firms that provide general as well as imitable products.
• D)It can be measured by using only tangible outcomes.

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Definitions:

Chocolate Factory

A facility where chocolate is produced, ranging from the processing of cocoa beans to the making of chocolate products.

Flood

An overflow of water that submerges land which is usually dry, often caused by heavy rainfall, river overflow, or other environmental conditions.

Insurance

A financial product or arrangement whereby a company provides compensation or coverage against possible future losses or risks in exchange for a premium.

Wealth

The total value of all financial and non-financial assets owned by an individual, company, sector, or nation minus any liabilities.