The Fact That Both Rolex and Timex Have a Competitive

question 79

Multiple Choice

The fact that both Rolex and Timex have a competitive advantage selling wristwatches is an indication that:

• A) Following a different generic business strategy within the same industry can lead to a competitive advantage for more than one organization.
• B) Following the same generic business strategy can allow for two firms competing in the same industry to have a competitive advantage at the same time.
• C) In order to evaluate whether Rolex has a sustained competitive advantage it is useful to compare it to Timex from a cost perspective.
• D) In order to evaluate whether Timex has a sustained competitive advantage, it is useful to compare it to Rolex from a differentiation perspective.

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Definitions:

Concrete Operations

Piaget’s term for coordinated mental actions that allow children to mentally combine, separate, order, and transform concrete objects and events that the children experience directly.

Formal Operational Thinking

A stage of cognitive development in Piaget's theory, where individuals gain the ability to think abstractly, reason logically, and organize thoughts coherently.

Strategic Knowledge

Understanding and applying knowledge about strategies that can help in learning, remembering information, solving problems, and other cognitive tasks.

Concrete Operational Thinking

A stage in cognitive development where children are able to think logically about concrete events and objects.