Which of the Following Statements Regarding Competitive Parity and Competitive

question 71

Multiple Choice

Which of the following statements regarding competitive parity and competitive advantage is accurate?

• A) Some firms develop valuable, rare, and costly-to-imitate resources and capabilities in being efficient second movers, that is, in rapidly imitating and improving on the product and technological innovations of other firms.
• B) Firms that benchmark their performance against the performance of successful competitors can expect to develop at least a temporary competitive advantage.
• C) Firms must be first movers to gain competitive advantages.
• D) Even if all a firm does is create value in the same way as its competitors, the firm can expect to earn at least a temporary competitive advantage.

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Definitions:

Test of Logical Strength

An assessment or evaluation of the cogency or persuasiveness of logical arguments based on their structure and premises.

Statistical Analyses

The techniques used to interpret, describe, and make inferences from data sets, often involving mathematical calculations.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances.

Probabilistic Conclusions

Inferences or outcomes derived from reasoning that incorporate the principles of probability, often used in scenarios where outcomes are uncertain.