If a Firm Wants to Develop a Sustainable Competitive Advantage,it

question 21

Multiple Choice

If a firm wants to develop a sustainable competitive advantage,it should

• A) begin an aggressive campaign to buy up competitors.
• B) copy the innovative features of other firms that are attractive to customers.
• C) examine its operations and customer relations to identify significant things competitors cannot easily copy.
• D) increase its marketing budget so that it outspends its competitors.
• E) arrange to meet with competitors to discuss how to avoid direct competition.

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Definitions:

Venture Capitalists

Investors who provide capital to startups and early-stage companies with high growth potential in exchange for equity stakes or ownership interest.

Seed-stage Companies

Early-stage businesses that are beginning to develop their product or service, typically seeking seed funding to facilitate growth and development.

Invested

Committed money, resources, or effort into something with the expectation of achieving a profit or beneficial result.

Seed-stage

The initial phase of a startup's development, where the focus is on product development and market research, often funded by seed capital.