Organizations Can Achieve a Competitive Advantage by Using Their Resources

question 90

Multiple Choice

Organizations can achieve a competitive advantage by using their resources to:

• A) create strategies that are simultaneously being implemented by competitors.
• B) duplicate the value a competitor firm provides to its customers.
• C) provide greater value for customers than competitors can.
• D) foster competitive inertia.

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Definitions:

Board of Governors

The leading body of a central banking system, such as the Federal Reserve in the United States, responsible for overseeing the nation's monetary policy.

Appointed

Selected or designated for a position or duty, typically by an authority, rather than through election.

Federally Chartered Banks

Banks that are authorized to operate by the federal government rather than by state governments, often subject to different regulations and oversight.

Federal Reserve System

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and maintaining financial stability.