A Firm Can Establish a Sustainable Competitive Advantage Over Competitors

question 1

Multiple Choice

A firm can establish a sustainable competitive advantage over competitors if:

• A) the firm has access to the same information technology as its competitors.
• B) the firm focuses solely on productivity rather than quality and service.
• C) the firm uses information technology to continuously improve the core functions of its business.
• D) there is a high potential for competing firms to create or buy the firm's information technology.

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Definitions:

Organizational Growth

The process of a business expanding through increases in revenue, employees, customer base, or market share.

Simple Structure

An organizational framework characterized by minimal hierarchical levels and straightforward, clear lines of authority and communication.

Organizational Growth

The process of an organization enlarging or expanding its operations, activities, and impact.

Diversification

A strategy of reducing risk by owning a variety of investments or business operations across different industries or categories.