A Distinctive Competence Represents a Basis for Competitive Advantage

question 159

True/False

A distinctive competence represents a basis for competitive advantage.True or false? Explain your answer.

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Definitions:

Exact Value

Precise numerical value without approximation, representing the true measure or count of something.

Bidders

Individuals or entities that offer a specific price for goods, services, or assets in auctions or competitive tenders.

Expected Price

The price level that purchasers or sellers anticipate a good or service will have in the future.

Oral Auction

A type of auction where bids are made verbally in the presence of an auctioneer and other bidders.