In Order for a Company to Achieve a Sustainable Competitive

question 22

Multiple Choice

In order for a company to achieve a sustainable competitive advantage, it must perform value chain activities:

• A) at the same quality level as competitors, at the same cost.
• B) at the same quality level as competitors, but at a lower cost.
• C) at a higher quality level than competitors, at a higher cost.
• D) at a higher quality level than competitors, but at no greater cost.
• E) at the same quality level as competitors, but at a lower cost or at a higher quality level than competitors, but at no greater cost.

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Definitions:

Economic Growth

A rise in the economic power to produce goods and services when comparing distinct periods.

Capital Formation

The process of accumulating assets and investments that are used for future production or economic growth.

World Bank

An international monetary organization granting loans and finances to governments of less affluent countries for capital project undertakings.

Developing Nations

Countries with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) scores compared to more developed countries.