Firms That Quickly and Intelligently Seize Global Opportunities Can Secure

question 12

Multiple Choice

Firms that quickly and intelligently seize global opportunities can secure which of the following forms of competitive advantage?

• A)Cost advantage.
• B)Market access advantage.
• C)Capabilities advantage.
• D)All of the above.
• E)(a)and (b)only.

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Definitions:

Utility Function

A mathematical representation describing how a consumer ranks different bundles of goods according to levels of satisfaction.

Risk Averse

A preference for guaranteed outcomes over those with uncertainty, even if the uncertain outcomes might offer a higher expected return.

Coin-Flip Bet

A gambling proposition where the outcome is determined by the flip of a coin, representing a 50/50 chance of winning or losing.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.