A Firm Is Said to Gain a Competitive Advantage When

question 28

Multiple Choice

A firm is said to gain a competitive advantage when it can

• A) exceed its own previous performances.
• B) provide products similar to its competitors, but at lower prices.
• C) perform at the same level as that of its competitors.
• D) minimize the difference between value creation and cost.

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Definitions:

Start-Up Businesses

New businesses that are in the initial stages of operation, often characterized by innovation, scalability, and seeking investment.

Office Space

Physical locations or areas designated for business operations and work of employees in an organization.

Cloud-Based Solutions

Services, storage, and computing resources accessed and managed over the internet, enabling flexibility and scalability for businesses and users.

Electronic Content

Digital material that can be transmitted over the internet or computer networks, like text, images, audio, and video.