Rize Inc Has Been Running Efficiently as a Real Estate Organization

question 51

Multiple Choice

Rize Inc. has been running efficiently as a real estate organization for 25 years. It has consistently provided customer satisfaction by maintaining a customer-friendly culture in the organization. Their competitors have not been able to replicate Rize's services. This has helped then generate and hold on to profits accrued by its vast and rare resource pool. This is an example of __________.

• A)inconsistent competitive advantage
• B)sustained competitive advantage
• C)competitive parity
• D)competitive failure

---

Definitions:

Overpopulation

A condition where an area's population exceeds the capacity of the environment to sustain it with basic necessities such as clean water, shelter, and food.

Capitalism

An economic system based on private ownership of the means of production and the creation of goods or services for profit.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his theories about communism.

Demographic Transition

The process of change in a society's population from high birth and death rates to low birth and death rates, often associated with economic development.