Which of the Following Statements Best Describes Competitive Advantage

question 1

Multiple Choice

 Which of the following statements best describes competitive advantage?

• A) It refers to the pressure a supplier or buyer can exert on a company.
• B) It is the advantage that occurs when a firm offers products to all customers at higher prices.
• C) It derives from a firm's ability to create value for its customers that exceeds the cost of producing the product or service.
• D) It is the capability to identify and react to changes in the external environment and to mobilize internal resources to deal with those changes.

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Definitions:

Cerebral Aqueduct

A narrow channel located in the midbrain that connects the third and fourth ventricles of the brain, allowing the flow of cerebrospinal fluid.

Third Ventricle

A narrow fluid-filled space in the brain, part of the ventricular system that lies between the two halves of the thalamus.

Fourth Ventricle

A structure in the brain that lies within the hindbrain and is responsible for circulating cerebrospinal fluid.

Electroencephalogram

A test that records electrical activity in the brain, used to diagnose and monitor neurological conditions.