Which of the Following Represents a Reason Why Competitive Advantages

question 18

Multiple Choice

Which of the following represents a reason why competitive advantages are typically temporary?

• A) The competitor will hire away your key employees.
• B) The competitor quickly seeks ways to duplicate your business operations.
• C) The competitor will purchase new technology.
• D) All of these.

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Definitions:

Capital Leases

A capital lease is a lease classified as an asset purchase for accounting purposes, whereby lessee records the leased asset as if it was bought.

Financing Leases

Long-term lease agreements that are categorized as a means of financing the acquisition of assets.

Civil Society

A realm of organized social life that is voluntary, self-generating, self-supporting, autonomous from the state, and bound by a legal order or set of shared rules.

Fortunate Fifth

Refers to the top 20% of the population in terms of income or wealth, often highlighted in discussions of economic inequality.