Which of the Following Statements Best Describes Competitive Advantage

question 1

Multiple Choice

 Which of the following statements best describes competitive advantage?

• A) It refers to the pressure a supplier or buyer can exert on a company.
• B) It is the advantage that occurs when a firm offers products to all customers at higher prices.
• C) It derives from a firm's ability to create value for its customers that exceeds the cost of producing the product or service.
• D) It is the capability to identify and react to changes in the external environment and to mobilize internal resources to deal with those changes.

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Definitions:

Cross-dressing

The act of wearing clothes traditionally associated with the opposite gender, which can be a form of self-expression, entertainment, or part of an individual's gender identity.

Electrolysis

A method of removing individual hairs from the face or body through the application of chemical or heat energy after inserting a tiny needle into the hair follicle.

Gender Identity Disorder

An older term for what is now more commonly referred to as gender dysphoria, a condition where there is a conflict between a person's physical or assigned gender and the gender with which they identify.