What Is the Key to Sustaining a Competitive Advantage

question 56

Multiple Choice

What is the key to sustaining a competitive advantage?

• A)making use of faster computers with more memory to improve operational efficiency and reduce labour needs  
• B)using information technology to continuously improve and support the business's core functions  
• C)making use of the Internet's potential to reduce the reliance of managing and controlling internal data  
• D)engaging the ability of the managers to delegate so they can focus on environmental scanning and strategic planning

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Definitions:

External Locus

Refers to the belief that external forces or factors beyond one's control determine life's events.

Internal Locus

A psychological concept referring to individuals who believe they have control over the outcomes of their actions and events in their lives.

Posttraumatic Stress

A psychological disorder that arises from being exposed to or seeing a horrifying incident, causing symptoms including intense fear, recurring dreams, and significant stress.

Self-Control

The aptitude to steer one's affective states, mental processes, and operative actions in the context of lures and spontaneous inclinations.