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:

Technological Improvements

Innovations and advancements that enhance productivity, efficiency, and product quality in various industries.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or country.

Worker-Hour

A unit of measure representing the amount of work accomplished by one worker in one hour.

Productive

Relating to the ability to produce a significant amount or result, especially in terms of goods or services.