Unlike a Long-Lasting Competitive Advantage, a Sustainable Competitive Advantage Is

question 100

Multiple Choice

Unlike a long-lasting competitive advantage, a sustainable competitive advantage is one where:

• A) competitors have tried unsuccessfully to duplicate the advantage and have, for the moment, stopped trying to duplicate it.
• B) organizations collect and store the resources they require while preventing their competitors from accessing those resources in order to curb competition.
• C) organizations have gained an edge by using their resources to provide greater value for customers than their competitors can.
• D) competitors buy a portion of an organization's market share and use it to improve their market presence, thereby increasing the longevity of their own organization.

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Definitions:

Checking Accounts

Bank accounts that allow for easy access to funds through checks, debit cards, and electronic transfers.

Cash Equivalents

Cash equivalents are highly liquid investment securities with maturities of three months or less, making them almost as liquid as cash itself.

Time Deposits

Banking products that hold a fixed amount of funds for a specified period of time, earning interest, such as CDs.

Recordkeeping

The systematic process of maintaining records for financial transactions and other business activities.