A Sustainable Competitive Advantage for a Firm Refers To

question 143

Multiple Choice

A sustainable competitive advantage for a firm refers to:

• A) an advantage that a firm possesses as a result of being first in a particular market.
• B) an advantage that a firm possesses for a short period of time, till a competitor replicates it.
• C) an advantage that is not easily copied and thus can be maintained over a long period of time.
• D) an advantage companies possess by being already established in a market.
• E) an advantage that a firm has as a result of its ability to produce goods at a lower cost than its competitors.

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Definitions:

Membership Composition

Refers to the makeup or structure of individuals who are part of a specific group or organization.

Lapse

A temporary failure or slip in judgment, returning to a previous behavior or habit, commonly used in the context of attempting to quit an addictive behavior.

Relapse

A return to drug or alcohol use after an attempt to stop, often seen in the context of addiction recovery.

Behavioral Goals

Specific, observable, and measurable objectives set to change or improve an individual's behavior.