Which Statement About the Dynamic Perspective Is True

question 94

Multiple Choice

Which statement about the dynamic perspective is true?

• A) A firm's market position tends to remain relatively stable over time.
• B) The current market position of a firm is not an accurate predictor of its future performance.
• C) Competitive advantage is determined by the structure of the industry.
• D) Competitive advantage is determined by industry attractiveness.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting principles for preparing financial statements to ensure consistency and transparency globally.

GAAP

Generally Accepted Accounting Principles refer to the commonly applied rules and standards in financial reporting and accounting.

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards for financial reporting that companies in the U.S. are required to follow to ensure consistency and comparability among financial statements.

IFRS

A collection of accounting standards established by the International Accounting Standards Board, intended for worldwide application, known as International Financial Reporting Standards.