Winning a Sustainable Competitive Edge Over Competitors Does Not Hinge

question 99

Multiple Choice

Winning a sustainable competitive edge over competitors does not hinge on which of the following?

• A)having a distinctive competitive product offering
• B)building competitively valuable expertise and capabilities not readily matched, and offering distinctive products
• C)building experience, know-how, and specialized capabilities that have been perfected over a long period of time
• D)having  hard-to-beat capabilities and impressive product innovation
• E)building products and distributing them at low prices to a broad customer base irrespective of manufacturing cost

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Definitions:

Unemployment

The condition of someone of working age who is willing to work at prevailing wage rates but cannot find employment.

Binding Minimum Wage

A binding minimum wage is set at a level above the equilibrium wage in the labor market, effectively creating a floor on wages that employers must pay their workers.

High Skills

Refers to advanced capabilities and expertise in a particular field, often requiring extensive education or training.

Minimum Wage

The lowest legal hourly wage that an employer can pay an employee, set by government law.