A Company's Ability to Achieve and Maintain a Unique and Valuable

question 113

Multiple Choice

A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally,generating higher rates of profit than its competitors,is known as

• A) international strategy.
• B) competitive advantage.
• C) resource leverage.
• D) comparative advantage.
• E) strategic dominance.

---

Definitions:

Maslow's Theory

A psychological theory proposing a hierarchy of human needs that motivate behavior, starting from basic physiological needs to self-actualization.

Self-Actualization Needs

The apex of Maslow's needs pyramid, which encompasses achieving one's ultimate potential, pursuing self-realization, aiming for personal development, and experiencing life's high points.

Social Responsibility

The obligation of an entity, individual or corporate, to act for the benefit of society at large, often incorporating ethical considerations and sustainability practices into business operations.

Behaviour Modification

The application of behavioral change techniques to alter individuals' activities and reactions.