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According to the external perspective, which of the following has the greatest impact on a firm's competitive advantage?
Acquisition
The process by which one company takes over another company, either by purchasing its assets, shares, or both, to assume control.
Consolidated Net Income
The total net income of a parent company and its subsidiaries, after the elimination of intercompany transactions, reflecting the combined profitability of the entire corporate group.
Par Value
The face value of a bond or the stated value of a stock as specified by the issuing company.
Fair Value
The monetary return from an asset's sale or the expenditure for transferring a liability in an orderly market dialogue on the assigned valuation day.
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