If a Firm Wants to Develop a Sustainable Competitive Advantage,it

question 21

Multiple Choice

If a firm wants to develop a sustainable competitive advantage,it should

• A) begin an aggressive campaign to buy up competitors.
• B) copy the innovative features of other firms that are attractive to customers.
• C) examine its operations and customer relations to identify significant things competitors cannot easily copy.
• D) increase its marketing budget so that it outspends its competitors.
• E) arrange to meet with competitors to discuss how to avoid direct competition.

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Definitions:

New Offer

An updated proposal provided in a negotiation or bargaining context, which may include revised terms or conditions different from an initial offer.

Particular Wording

Specific or distinct choice of words used in a document or statement that may influence its interpretation.

Terms Different

A phrase indicating that agreements or conditions deviate from standard or previously established expectations or arrangements.

Common Law

A legal system based on court decisions and precedents rather than statutory laws.