Examlex
Which of the following is not true?
Competitive Advantage
The unique positioning and strategy that enable a business to generate greater sales or margins than its competition.
Barriers to Entry
Economic, procedural, or regulatory hurdles that inhibit new competitors from easily entering an industry or area of business.
Social Progress
The advancement of society through improvements in education, healthcare, technology, and standard of living, among other factors.
Functional Strategy
A specific, detailed plan developed for departments such as marketing, finance, or production, focusing on achieving departmental goals aligned with the company’s overall strategy.
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