Which of the Following Is Not Correct Regarding the Skills

question 34

Multiple Choice

Which of the following is not correct regarding the skills or competencies a company must develop to achieve a sustainable competitive advantage?

• A) They create value for which customers are willing to pay.
• B) They are rare.
• C) They are difficult to imitate or substitute for.
• D) They can be copyrighted or patented.
• E) They allow the company to exploit their competitive value.

---

Definitions:

Demand Conditions

The various factors that influence the quantity of a product or service that consumers are willing and able to purchase.

Cost Conditions

Relate to the factors that influence the costs of production for goods and services, including material, labor, and overhead costs.

Cost Conditions

The factors that influence the costs associated with producing goods or services, including raw material prices, labor costs, and operational efficiencies.

Demand Conditions

Factors that influence the demand for goods and services in an economy, including income levels, tastes, and prices of related goods.