In Order for a Firm to Achieve Sustained Competitive Advantage

question 54

True/False

In order for a firm to achieve sustained competitive advantage, a firm must continually adapt to changes in external trends and events and effectively formulate, implement, and evaluate strategies that capitalize upon those factors.

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Definitions:

Hormones

Chemical messengers produced by glands in the body that regulate physiological processes and behavior.

Endorphins

Natural, pain-relieving chemicals produced by the body that promote a sense of well-being and can reduce pain.

Neurotransmitters

Chemical substances in the nervous system that transmit signals from one neuron to another across synapses.

Opioid Peptides

Natural chemicals in the brain that act like morphine, playing key roles in pain relief, reward, and addictive behaviors.