Winning a Sustainable Competitive Edge Over Competitors Generally Hinges on Which

question 42

Multiple Choice

Winning a sustainable competitive edge over competitors generally hinges on which of the following?

• A) Having a distinctive competitive product offering.
• B) Building competitively valuable expertise and capabilities not readily matched,and offering a distinctive product offering.
• C) Building experience,know-how,and specialized capabilities that have been perfected over a long period of time.
• D) Having "hard to beat" capabilities and impressive product innovation.
• E) All of these.

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Definitions:

Economic Stability

A state in which an economy experiences steady growth, low inflation, and low unemployment, leading to confidence in the financial system.

Opportunity Cost

The price paid for missing out on the alternative option when deciding.

Specialized Tools

Instruments or devices designed for specific tasks or industries, enabling more efficient and precise work in professional and technical fields.

Transaction Cost

Expenses incurred when buying or selling goods or services, beyond the price of the goods or services themselves.