A Creative, Distinctive Strategy That Delivers a Sustainable Competitive Advantage

question 40

Multiple Choice

A creative, distinctive strategy that delivers a sustainable competitive advantage is important because

• A)without a competitive advantage a company cannot become the industry leader.
• B)without a competitive advantage a company is likely to fall into bankruptcy.
• C)crafting a strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving above-average profitability and financial performance.
• D)a competitive advantage is what enables a company to achieve its strategic objectives.
• E)how a company goes about trying to please customers and outcompete rivals is what enables senior managers to choose an appropriate strategic vision for the company.

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Definitions:

Callable Bond

A kind of security that the issuer has the option to buy back prior to its maturity at a set price.

T-Bill Quote

The price or interest rate expressed for a Treasury bill; often quoted in terms of discount from face value.

Face Value

The nominal or dollar value printed on a bond or stock certificate; for bonds, it's the amount repaid to the holder at maturity, and for stocks, it is the original cost of the stock.

Bid

An offer made by an investor, trader, or dealer to buy a security, commodity, or currency.