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Competitive Advantage Is Developed When a Firm Can Create Value

question 99

True/False

Competitive advantage is developed when a firm can create value in similar ways to their rivals.


Definitions:

Mutualism

A symbiotic relationship between two species in which both species benefit from the interaction.

Mycorrhizae

Symbiotic associations between fungi and the roots of plants, improving nutrient and water uptake.

Epiphytes

Plants that grow on other plants for physical support but do not extract nutrients from their hosts, thus not parasitic.

Species Richness

A measure of the number of different species represented in an ecological community, landscape or region.

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