Competitive Advantage Is Based on

question 45

Multiple Choice

Competitive advantage is based on

• A) distinctive competencies.
• B) economic forces external to a company.
• C) lack of government regulations controlling a firm's ability to make rapid adjustments in response to its changing environment.
• D) all of these choices
• E) none of these choices.

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Definitions:

Different Meanings

The phenomenon where a single word or phrase has multiple interpretations or significances.

Generation X

denotes the demographic cohort following the baby boomers and preceding the Millennials, generally born from the early-to-mid 1960s to early 1980s.

Service Sector

The segment of the economy that provides services rather than producing goods, including industries such as retail, hospitality, finance, and education.

Different Societies

Various groups of individuals living together under a shared system of politics, economy, and culture, each with unique characteristics and social norms.