The Origin of Competitive Advantage Lies in the Ability to

question 19

Multiple Choice

The origin of competitive advantage lies in the ability to

• A) gain major stockholders.
• B) identify and respond to environmental change well in advance of competition.
• C) launch products quickly.
• D) serve customers faster.
• E) create surprise for others.

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Definitions:

Organism's Resources

The natural or acquired abilities, qualities, and assets that an organism possesses and utilizes for survival and adaptation.

Exhaustion

A state of extreme physical or mental fatigue, often resulting from prolonged stress or activity.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body has to stress, described by Hans Selye.

Energy Reserves

Energy reserves are stored energy in the body, mainly composed of fat, glycogen, and proteins, that can be used as fuel for physical activities.