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:

Dynamic

Characterized by continuous change, activity, or progress; often used to describe systems or processes that are in constant evolution.

Type A Personality

A personality type characterized by competitiveness, impatience, aggressiveness, and a strong desire for achievement.

Relaxing

The act of reducing tension or anxiety, often through leisure activities or rest.

Short Term

A period of time that is immediate or not far in the future, usually considered to be within a few months up to a year.