A Competitive Advantage

question 62

Multiple Choice

A competitive advantage:

• A) can be permanent if the firm has successfully implemented the strategic management process.
• B) entails reducing investors' risk to near zero.
• C) can be identified when competitors are unable to duplicate or find it too costly to try to imitate.
• D) exists when competing firms are unable to find investors.

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Definitions:

World Wide Web

An information system on the internet that allows documents to be connected to other documents by hypertext links, enabling the user to search for information by moving from one document to another.

Born

The process of coming into life or existence.

Contextual Differences

Variations in meaning, interpretation, or application that arise due to differing circumstances, settings, or backgrounds.

Cultures

The collective norms, values, traditions, and practices of a group or society that shape their way of life.