Although an Organization's Good Reputation Is a Valuable Resource That

question 57

True/False

Although an organization's good reputation is a valuable resource that takes years of superior marketplace competence to achieve, it is not a good basis for building a competitive advantage because it can be destroyed almost instantly by bad publicity.

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Definitions:

High Profit

A term denoting a substantial financial gain that significantly exceeds the costs and expenses of doing business.

Low Expenses

Refers to minimized operating costs or outlays necessary for an entity to conduct its business activities.

Resource Maturity

The stage of development at which resources, such as technology or human skills, reach their highest potential of efficiency and effectiveness.

Survival

The ability of an entity, such as a business or organism, to continue living or operating despite challenging conditions or threats.