A Competitive Advantage

question 41

Multiple Choice

A competitive advantage:

• A) Can be permanent if the firm has successfully implemented the strategic management process
• B) Entails reducing investors' risk to near zero
• C) Can be identified only if it has been unsuccessfully challenged by competitors
• D) Exists when competing firms are unable to find investors

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Definitions:

Mean, Median, Mode

Statistical measures where mean is the average of a dataset, median is the middle value, and mode is the most frequently occurring value.

Professionalism

The exhibition of skills, good judgment, and polite behavior expected from a person who is trained to do a job well.

Average Scores

A statistical measure that represents the sum of all values in a set divided by the number of values, often used to find the central tendency of a data set.