A Creative,distinctive Strategy That Delivers a Sustainable,competitive Advantage Is Important

question 4

Multiple Choice

A creative,distinctive strategy that delivers a sustainable,competitive advantage is important because

• A)without a proven strategy,a company is likely to fall into bankruptcy.
• B)without a competitive advantage,a company cannot have a profitable business model.
• C)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 to choose an appropriate strategic vision for the company.

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Definitions:

Business Entrepreneur

An individual who identifies a business opportunity and takes financial risk to establish and manage a new enterprise.

The State

Consists of the institutions responsible for formulating and carrying out a country’s laws and public policies.

Coercive Socio-Political System

A form of governance or societal structure where power is maintained and exercised through force, intimidation, or repression.

Authoritarian Command Apparatus

A structure of governance where power is concentrated in the hands of a single authority or a small group, with strict obedience expected from the populace.