A Firm's Financial Performance That Consistently Outperforms Its Industry's Peers

question 16

Multiple Choice

A firm's financial performance that consistently outperforms its industry's peers is known as _____.

• A) comparative advantage
• B) absolute advantage
• C) sustainable competitive advantage
• D) first mover advantage
• E) operational efficiency advantage

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Definitions:

Self-aware Person

An individual who is conscious of their own character, feelings, motives, and desires.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Naturalist Intelligence

The ability to recognize, categorize, and draw upon certain features of the environment, as proposed in Howard Gardner's theory of multiple intelligences.

Emotional Mind

A powerful, impulsive, sometimes illogical awareness; an ability to perceive emotions.