Companies Can Establish a Competitive Advantage by

question 28

Multiple Choice

Companies can establish a competitive advantage by

• A) hiring good employees and effectively managing human resources.
• B) always implementing a hierarchical management scheme.
• C) adopting a universalistic financial strategy.
• D) ignoring the external competitive environment.
• E) none of these.

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Definitions:

Avoidance Strategies

Techniques or methods employed to bypass or deflect potential conflicts, confrontations, or undesirable situations.

Unilateral Choice

A decision or action taken by one party independently without consultation or agreement with others.

Substantive Outcomes

The concrete and measurable results of a negotiation or decision-making process, such as terms of agreement, policy changes, or financial settlements.

Relationship Quality

The overall assessment of the strength, health, and positivity of the bond between individuals or groups.