Organizations Can Achieve a Competitive Advantage by Using Their Resources

question 90

Multiple Choice

Organizations can achieve a competitive advantage by using their resources to:

• A) create strategies that are simultaneously being implemented by competitors.
• B) duplicate the value a competitor firm provides to its customers.
• C) provide greater value for customers than competitors can.
• D) foster competitive inertia.

---

Definitions:

Inelastic Portion

The segment of the demand curve where consumers are relatively unresponsive to price changes.

Total Revenue

The total amount of money a firm receives from selling its products or services.

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, often influencing pricing strategies.

Constant Slope

Refers to a linear relationship plotted on a graph where the rate of change between the variables remains unchanged across the graph.