Which Statement Regarding Competitive Advantages Is True

question 51

Multiple Choice

Which statement regarding competitive advantages is true?

• A) With an overall cost leadership strategy, firms need not be concerned with parity on differentiation.
• B) If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.
• C) In the long run, a business with one or more competitive advantages is probably destined to earn normal profits.
• D) Attaining multiple types of competitive advantage is a recipe for failure.

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Definitions:

Visual Cues

Visual signals or indicators that help organisms process information about their environment, influencing perception and behavior.

Short-term Memory Capacity

The amount of information that can be held in the short-term memory, often quantified as 7 ± 2 items.

Extended Postal Codes

A longer version of a postal code that includes additional digits for more precise location identification within a geographic area.

Intellectual Capacity

Refers to the ability of the mind to come to correct conclusions about what is true and what is false, and to solve problems.