Over Time, a Change in the Basis of Competitive Advantage

question 102

True/False

Over time, a change in the basis of competitive advantage will cause advantage to shift from firms favored by industry conditions to those with obsolete resources and capabilities.

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Definitions:

Feminist Therapy

A therapeutic approach that seeks to understand and treat psychological issues within the context of societal gender inequality.

Empowered

A state of having the power, confidence, and resources to make choices and effect change.

Neurotransmitter

A chemical substance that transmits nerve impulses across a synapse between two neurons, playing a crucial role in the functioning of the nervous system.

Serotonin

A neurotransmitter in the brain that affects mood, emotion, sleep, and appetite, often associated with feelings of well-being and happiness.