A Competitive Advantage Based on Inimitability Can Be Sustained for at Least

question 54

Multiple Choice

A competitive advantage based on inimitability can be sustained for at least some time,if it has the following characteristics:

• A) psychographic uniqueness, path dependency, causal ambiguity, and substitutability.
• B) physical uniqueness, path dependency, causal ambiguity, and social complexity.
• C) rarity, path dependency, causal ambiguity, and social substitutability.
• D) geographic uniqueness, cause dependency, social ambiguity, and path complexity.

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Definitions:

Routine Repairs

Regular maintenance activities required to maintain the functionality and efficiency of equipment or facilities.

Major Overhauls

Significant refurbishments or restorations of equipment or assets to extend their useful life, often involving considerable expenditure and downtime.

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions related to a business, leading to the creation of financial statements.

Managerial Accounting

The practice of analyzing, interpreting, and communicating financial information to managers for the purposes of business decision-making.