The Competitive Advantage That One Firm Has Will Be Short-Lived

question 69

Multiple Choice

The competitive advantage that one firm has will be short-lived in an industry where

• A) resource immobility is high.
• B) perfect competition exists.
• C) resource heterogeneity is high.
• D) capabilities of a firm are not easily replicable.

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Definitions:

Business Writing

Professional writing aimed at facilitating business communications, including emails, reports, proposals, and memos.

Jargon

Specialized terminology associated with a particular field, profession, or group, often difficult for outsiders to understand.

Specific Audience

A particular group of people targeted by a message, campaign, or product, defined by characteristics such as age, gender, interests, or profession.

Insider Slang

Specialized language or jargon understood only by members within a specific group or community.