Once Established,competitive Advantages Last Forever Whether the Firm Is in a High

question 93

True/False

Once established,competitive advantages last forever whether the firm is in a high technology environment or not.

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Definitions:

Surviving Generations

Refers to the members of a family or community that continue to live or exist through various challenges or changes over time.

Functionalist Theory

A theoretical framework in sociology and anthropology that explains social structures and institutions as means to fulfill the needs of a society.

Socialized Offspring

The process through which young individuals learn and internalize the norms, values, and behaviors of their society or culture.

Contemporary Family

Modern family structures and relationships, often characterized by variations from traditional nuclear families, reflecting current social norms and changes.