Rize Inc Has Been Running Efficiently as a Real Estate Organization

question 51

Multiple Choice

Rize Inc. has been running efficiently as a real estate organization for 25 years. It has consistently provided customer satisfaction by maintaining a customer-friendly culture in the organization. Their competitors have not been able to replicate Rize's services. This has helped then generate and hold on to profits accrued by its vast and rare resource pool. This is an example of __________.

• A)inconsistent competitive advantage
• B)sustained competitive advantage
• C)competitive parity
• D)competitive failure

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Definitions:

Genus

The broad classification under which species are grouped based on shared features or ancestry, emphasizing a different aspect.

Differentia

The trait or set of traits that distinguish one species from another within a genus or one entity or concept from another within a classification.

Type

A category or class of things that share common characteristics or attributes.

Referents

Objects or concepts in the world to which words, phrases, or symbols refer or denote in language and thought.