A Competitive Advantage Becomes a Sustainable Competitive Advantage When

question 56

Multiple Choice

A competitive advantage becomes a sustainable competitive advantage when:

• A) a company collaborates with its competitors to obtain a larger market share.
• B) other companies cannot duplicate the value a firm is providing to customers.
• C) a company uses a competitive move designed to reduce a rival's market share or profits.
• D) market commonality is large, and companies have overlapping products or services.

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Definitions:

Regression Output

The results of a regression analysis, typically including estimates of the intercept, slope coefficients, standard errors, and measures of model fit such as R-squared.

Null Hypothesis

A statement in hypothesis testing that suggests there is no significant difference or effect, serving as the default assumption to be tested against.

First-Order Autocorrelation

A statistical measure that tests the extent to which current values in a time series are correlated with their immediate preceding value, indicating a lag-1 autocorrelation.

Durbin-Watson Statistic

A quantitative method utilized for detecting autocorrelation in the residuals resulting from regression analysis.