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:

Indirect Talk

A communication method where messages are conveyed in a non-straightforward manner, often to avoid confrontation or to imply meanings subtly.

Nonverbal Communication

The process of conveying a message without the use of words, such as through body language, facial expressions, and gestures.

Cultural Stereotypes

Widely held but fixed and oversimplified images or ideas of particular groups of people or cultures.

Collaborative Style

A way of working that emphasizes teamwork, open communication, and joint decision-making to achieve shared goals.