Which of the Following Statements About Competitive Advantage Is True

question 89

Multiple Choice

Which of the following statements about competitive advantage is true?

• A) Competitive advantage is an absolute measure; it is not relative.
• B) Competitive advantage is a one-dimensional concept.
• C) Competitive advantage is permanent and not transitory; once gained by a firm it stays with the firm.
• D) Competitive advantage can be assessed by measuring accounting profit, shareholder value, or economic value.

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Definitions:

Positivists

Individuals or scholars who adhere to the philosophy that knowledge should be derived from scientific observation and empirical evidence.

Experimentation

The process of testing hypotheses or trying out new ideas, methods, or activities to gain knowledge or achieve specific outcomes.

Quantitative Sociology

A research methodology within sociology that focuses on the use of numerical data and statistical methods to understand social phenomena.

Socioeconomic Status

An individual's or group's economic and social position in relation to others, based on income, education, and occupation.