Competitive Advantage

question 4

Multiple Choice

Competitive advantage

• A)exists only when an industry is in long term equilibrium.
• B)emerges from external and internal sources.
• C)both a and b.
• D)neither a nor b.

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Definitions:

Judgment

The cognitive process of evaluating or making decisions about something or someone based on available information and personal criteria.

Social Contagion Effect

The phenomenon where behaviors, attitudes, or emotions spread through a group or society, often magnified by social networks and media.

Stress Disorder

A type of mental disorder characterized by significant distress or impairment in social, occupational, or other important areas of functioning, arising from the exposure to traumatic or stressful events.

Mood Disorder

A mental health condition that primarily affects a person's emotional state, causing significant mood swings—such as in depression or bipolar disorder.