John Plans to Start a Grocery Store in His Locality

question 111

Multiple Choice

John plans to start a grocery store in his locality. Which of the following is most likely to give him the least sustainable competitive advantage in the market?

• A) Convenient locations
• B) More employees
• C) Exclusive merchandise
• D) Coordination of procurement efforts
• E) Helpful sales force

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Definitions:

Survival Anxiety

A motivational factor that drives individuals or organizations to change due to the fear of failure or extinction.

Current Behaviours

Observable actions or conduct of individuals in the present, often assessed in organizational contexts for performance evaluations or development planning.

Double-Loop Learning

A learning process where, in addition to making adjustments based on errors, underlying policies and objectives are also questioned and potentially altered.

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge to improve its performance and adapt to the environment.