Which One of the Following Is Necessary If a Firm

question 62

Multiple Choice

Which one of the following is necessary if a firm is to maintain a competitive advantage?

• A) winning consistently over the short term in a competitive situation
• B) charging a higher price than what competitors charge
• C) reproducing the successful actions of competitors
• D) providing products and services of a superior value than those of competitors

---

Definitions:

Suspension Components

Parts of a vehicle's suspension system that include shocks, springs, struts, control arms, and ball joints, contributing to vehicle stability and comfort.

Power Steering Belt

A belt connected to the vehicle's engine that powers the steering pump to facilitate easier steering of the vehicle.

Internal Pump Parts

Components located inside a pump that are essential to its operation, including impellers, shafts, seals, and gaskets.

Erratic Assist

A term used to describe unpredictable or inconsistent help or support, often in the context of mechanical or electronic systems.