A Firm Creates a Competitive Advantage When It Develops and Manages

question 113

True/False

A firm creates a competitive advantage when it develops and manages corporate-level cooperative strategies in a way that is valuable, rare, imperfectly imitable, and nonsubstitutable.

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Definitions:

Cultural Appropriateness

The extent to which behaviors, attitudes, or policies are sensitive and suitable to the culture of a particular group or community.

Tariffs

Taxes imposed on imported goods and services, which can affect trade relations and economic policies between countries.

Transnational Corporations

Large companies that operate and have assets in more than one country, functioning with a global perspective.

Local Firms

Businesses that operate within a specific geographic area or community, typically offering products or services to the local population.