Which of the Following Scenarios Illustrates a Firm That Has

question 40

Multiple Choice

Which of the following scenarios illustrates a firm that has a sustainable competitive advantage?

• A) Newon Inc. generated a revenue of $300,000 this financial year, which is close to the industrial revenue average of $320,000.
• B) SM Inc. almost doubled its sales to 8500 units this year compared to its previous year's sales of 5000 units, though the industry average is 10,000 units.
• C) TrueLink Corp. was able to hold its market share of 68 percent in the social networking industry for more than three years.
• D) Max Electrova Inc. was able to outperform its competitors with its new production system, in terms of revenue, for a brief period of four months.

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Definitions:

Levels

Distinct values or categories that an experimental or categorical variable can take in research or statistical analysis.

Observations

Data or measurements collected during a study or research.

Bacteria Count

The number of bacterial cells in a given volume or weight of a sample.

Sum Of Squares

A statistical measure used in the context of ANOVA, regression, and other models, representing the total variation attributed to particular explanatory variables.