When a Firm Enjoys a Competitive Advantage It Attracts a Significant

question 95

Multiple Choice

When a firm enjoys a competitive advantage it attracts a significant amount of attention and its products or services can be at risk due to:

• A) Social Complexity
• B) Value erosion
• C) Casual ambiguity
• D) Direct imitation or substitution

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Definitions:

Controlling

The management function aimed at ensuring actual activities conform to planned activities through monitoring, evaluating, and taking corrective actions.

Controlling

The management function that involves monitoring performance, comparing it with goals, and correcting any significant deviations.

Controlling

The process of monitoring and evaluating performance to ensure that organizational goals are being met and making adjustments as necessary.

Surpasses Objectives

Exceeding set goals or targets within a given timeframe or project scope.