A Competitive Advantage Based on Inimitability Can Be Sustained for at Least

question 54

Multiple Choice

A competitive advantage based on inimitability can be sustained for at least some time,if it has the following characteristics:

• A) psychographic uniqueness, path dependency, causal ambiguity, and substitutability.
• B) physical uniqueness, path dependency, causal ambiguity, and social complexity.
• C) rarity, path dependency, causal ambiguity, and social substitutability.
• D) geographic uniqueness, cause dependency, social ambiguity, and path complexity.

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Definitions:

Accuracy of Records

The precision and correctness of recorded financial or operational data in a company's books or databases.

Independent Auditor

An external auditor who examines the financial records and business transactions of a company to ensure accuracy and compliance with accounting standards.

Financial Analyst

A professional responsible for examining financial data and trends to help businesses and individuals make informed investment decisions.

Investing Activities

These activities relate to the acquisition and disposal of long-term assets and other investments not included in cash equivalents, within the statement of cash flows.