Which of the Following Statements Is True of the Sources

question 46

Multiple Choice

Which of the following statements is true of the sources of competitive advantage?

• A) The best companies choose one source of competitive advantage and perfect it.
• B) Managing the sources of competitive advantage is a zero-sum game where one source suffers at the expense of the other.
• C) It is possible to improve quality and also enhance speed.
• D) Trade-offs do not occur among the six sources of competitive advantage.
• E) Sustainability is the speed and dependability with which an organization delivers what customers want.

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Definitions:

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.

Entire Business

Refers to the complete scope or operation of a company, encompassing all its functional areas and activities.

Legal Costs

Expenses associated with the legal process, including lawyer fees, court fees, and other costs incurred during legal proceedings.

Unsuccessfully Defending

Pertains to an outcome where attempts to protect or assert a position, claim, or legal right do not succeed.