Competitive Advantage Refers to the Set of Decisions and Actions

question 105

True/False

Competitive advantage refers to the set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

---

Definitions:

Disposal

The act of getting rid of an asset through sale, exchange, retirement, or destruction.

Continuing Operations

The segments or activities of a business that are expected to continue for the foreseeable future, distinguishing from those being discontinued or sold.

Discontinued Operations

Parts of a company's core business or product lines that have been disposed of or shut down, no longer contributing to ongoing financial results.

Income Statement

A financial document outlining a company's revenues, expenses, and profits over a specified period.