Which of the Following Statements Regarding Competitive Parity and Competitive

question 71

Multiple Choice

Which of the following statements regarding competitive parity and competitive advantage is accurate?

• A) Some firms develop valuable, rare, and costly-to-imitate resources and capabilities in being efficient second movers, that is, in rapidly imitating and improving on the product and technological innovations of other firms.
• B) Firms that benchmark their performance against the performance of successful competitors can expect to develop at least a temporary competitive advantage.
• C) Firms must be first movers to gain competitive advantages.
• D) Even if all a firm does is create value in the same way as its competitors, the firm can expect to earn at least a temporary competitive advantage.

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Definitions:

Staring

Fixing one's gaze on someone or something for a long period, often in a manner that can be perceived as intense or aggressive.

Confounding Variable

An outside influence that changes the effect of a dependent and independent variable being examined in an experimental or observational study.

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Covaries

When two variables change in relation to each other, suggesting a potential relationship or correlation between the two.