A Company's Strategy and Its Quest for Competitive Advantage Are

question 33

Multiple Choice

A company's strategy and its quest for competitive advantage are tightly connected because

• A) without a competitive advantage a company cannot become the industry leader.
• B) without a competitive advantage a company cannot have a profitable business model.
• C) crafting a strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving above-average profitability and financial performance.
• D) a competitive advantage is what enables a company to achieve its strategic objectives.
• E) how a company goes about trying to please customers and outcompete rivals is what enables senior managers choose an appropriate strategic vision for the company.

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Definitions:

Empirical Distribution

An empirical distribution is a probability distribution derived from observed data, without assuming any initial distribution model.

Fit Distribution

The process of determining which probability distribution best matches a set of data.

Bootstrap Tool

A statistical method used for estimating the distribution of a statistic by resampling with replacement from the original data.