Ashley Furniture Controls All Steps of Its Distribution Systems,developing Specific

question 24

Multiple Choice

Ashley Furniture controls all steps of its distribution systems,developing specific competencies that are difficult to match.They are using ________ to build sustainable advantage.

• A) path dependency
• B) social complexity
• C) physical uniqueness
• D) tangible resources

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Definitions:

Competitive Level

The extent of competition within a market, characterized by the number of firms and their ability to set prices.

Monopolist's Profits

The excess earnings a monopolist obtains over what it would earn in a competitive market due to its market power.

Competitive Conditions

The characteristics of a market environment that influence the level of competition between businesses, including the number of competitors, product differentiation, and barriers to entry.

Inefficiency

A situation in which resources are not used in the most productive way, leading to wasted inputs or suboptimal output.