Which of the Following Is True of Competitive Advantage

question 55

Multiple Choice

Which of the following is true of competitive advantage?

• A)It requires a company to consistently outperform its rivals in generating above-average profits.
• B)It should be avoided by not-for-profit organizations.
• C)It is usually achieved by firms that provide general as well as imitable products.
• D)It can be measured by using only tangible outcomes.

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Definitions:

Governmental Supervision

The act of monitoring, regulating, and overseeing activities by state or government agencies to ensure compliance with laws and regulations.

Environmental Factors

External elements like political, economic, social, technological, environmental, and legal conditions that affect an organization's operations.

Ethical Standards

The principles and values that determine appropriate behavior and actions within an organization or profession.

Social Norms

The unwritten rules that govern the behavior of individuals within a society or group.