A Sustainable Competitive Advantage Is Gained When a Company

question 35

Multiple Choice

A sustainable competitive advantage is gained when a company

• A)has durable competitive assets that are central to its strategy and superior to those of rival firms.
• B)has sufficient resources to expedite its strategy.
• C)realizes its inherent weaknesses are transformable to advantages.
• D)can stand out relative to rivals because of resource utilization.
• E)has resources in well-populated geographical locations.

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Definitions:

Liability Insurance

A type of insurance coverage that protects an individual or entity from claims initiated by another party regarding injury or damage.

Representative Capacity

Acting on behalf of another person or entity in a legal or official context.

Propensity

An inclination or natural tendency to behave in a particular way.

Terminated By Operation

Describes a condition or method by which something concludes automatically due to the existence of certain predetermined conditions.