Competitive Advantage Is Based On

question 50

Multiple Choice

Competitive advantage is based on:

• A) distinctive competencies.
• B) the Icarus paradox.
• C) higher cost structure.
• D) prior strategic commitments.
• E) barriers to change in a company.

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Definitions:

Probability Distribution

A statistical function describing the likelihood of various outcomes in an experiment.

Expected Value

A statistic that represents the average outcome of a set of events, weighted by the likelihood of each event.

Probability Distribution

A computation in statistics identifying each possible outcome and its probability for a random variable within a specified range.

Investment's Risk

The potential for losing money or not achieving the expected return on an investment due to various factors like market volatility.