Competitive Advantage Is Improved When a Firm's

question 146

Multiple Choice

Competitive advantage is improved when a firm's:

• A) core competencies match external environmental opportunities.
• B) vision is benchmarked from industry-best practices.
• C) strategic moves match those of its best competitors.
• D) all of the answers are correct

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Definitions:

Indirect Expense

refers to expenses that are not directly associated with the production of goods or services, such as utility costs, rent, and administration salaries.

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of a company's products or services.

Sports Apparel

Clothing and accessories designed for sports and physical activities.

Depreciation

The allocation (spreading) of the cost of an asset (such as an auto or equipment) over its expected useful life.