Which of the Following Factors Does Not Determine the Durability

question 9

Multiple Choice

Which of the following factors does not determine the durability of a company's competitive advantage?

• A)Barriers to imitation
• B)Apathy in an industry
• C)Capability of competitors
• D)General level of dynamism in the industry
• E)The rate of product innovation in an industry

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Definitions:

Surplus

An excess amount of a commodity or resource beyond what is needed or utilized.

Quantity Supplied

In economic terms, this is the amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Surplus

The amount of an asset or resource that exceeds the portion used. In economics, it refers to a situation where supply exceeds demand.

Shortage

A situation in which demand for a good or service exceeds the available supply at the current price.