Which of the Following Is Not a Reason for the Possible

question 35

Multiple Choice

Which of the following is not a reason for the possible erosion of company competitive advantage?

• A) rapid change in technology
• B) globalization
• C) actions by rivals from within and outside of the industry
• D) company commitment to innovation

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Definitions:

Product Innovation

The introduction of new or significantly improved goods or services in terms of their capabilities, components, or uses.

Chemical Engineer

A professional who applies the principles of chemistry, biology, physics, and math to solve problems involving the production or use of chemicals, fuel, drugs, food, and many other products.

Business Ownership

The legal possession and responsibility for a business entity, including sole proprietorships, partnerships, corporations, and limited liability companies.

Industry Weakness

Aspects or characteristics of an industry that represent disadvantages or vulnerabilities, potentially hindering its performance or growth.