Competitive Advantage Is Achieved When a Firm

question 28

Multiple Choice

Competitive advantage is achieved when a firm

• A)achieves higher profit margins than its rivals.
• B)matches its strongest resources & capabilities to the key success factors of the industry.
• C)achieves the highest asset turnover ratio in the industry.
• D)b and c.

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Definitions:

Recessionary Monetary Policy

Monetary policy aimed at combating recession, typically involving reducing interest rates to stimulate economic growth.

Price Level

The encompassing average of prices for goods and services across the economy.

Output Increase

An increase in the production of goods and services in an economy over a period of time.

Monetary Rules

Guidelines used by central banks to manage the supply of money in an economy, aiming to achieve macroeconomic stability.