Theories of How to Gain Competitive Advantage in an Industry

question 36

Multiple Choice

Theories of how to gain competitive advantage in an industry that emerge over time or that have been radically reshaped once they are initially implemented are known as

• A) emergent strategies.
• B) objective strategies.
• C) planned strategies.
• D) ad hoc strategies.

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Definitions:

Enlightenment Ideas

Philosophical thoughts from the Enlightenment period emphasizing reason, individualism, and skepticism of traditional doctrines.

Human Rights

The universal rights and freedoms to which all individuals are entitled, such as the right to life, liberty, equality, and security.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Monarchy

A form of government in which sovereignty is embodied in a single person (the monarch), who typically reigns until death or abdication, and is often hereditary.