The Question "What Does a Firm Need to Survive Competition

question 34

Multiple Choice

The question "What does a firm need to survive competition?"

• A)can be addressed through analysis of competitors using all possible means, even at the edge of legality and ethics.
• B)can be addressed by studying very carefully the two largest rivals in the industry.
• C)requires an understanding of the current and future basis of competition specific to the industry.
• D)Can never be answered clearly, because competitors will not divulge what they are doing.

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Definitions:

PhD

A Doctor of Philosophy degree, a postgraduate academic degree awarded by universities.

Research Dissertation

An extended piece of writing based on detailed research, typically submitted as part of a doctoral or master's degree.

Phrenology

A now-discredited theory that suggested the bumps on the skull could predict mental traits and character traits.

Pseudoscience

A collection of beliefs or practices mistakenly regarded as being based on scientific method, lacking empirical support and reproducibility.