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:

Criterion Variable

The dependent variable in statistical modeling, whose variation is being studied and predicted.

F-ratio

A statistical test ratio used in the analysis of variance (ANOVA) to determine if the variances between means are significant, typically comparing the variance between groups to the variance within groups.

R

A programming language and free software environment used for statistical computing and graphics.

Significance

The likelihood that an observed effect or relationship in data is not due to chance, typically assessed through statistical tests.