A Company Has a Competitive Advantage If It Can Increase

question 29

True/False

A company has a competitive advantage if it can increase costs relative to rivals.

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Ties

Connections or relationships between individuals or entities, which can be social, professional, or emotional in nature.

Clique Network

A subgroup within a larger network where members have closer, more frequent, and exclusive interactions, often impacting the flow of information and influence.

Boundary-spanning Network

A network that reaches across and connects diverse organizations or social groups to facilitate information flow and collaboration.