For a Business to Be Successful, a Competitive Advantage Must

question 26

Multiple Choice

For a business to be successful, a competitive advantage must be ________.

• A) expensive
• B) legal
• C) sustainable
• D) profitable

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Definitions:

External Factors

Elements outside an organization or individual that can affect their performance or decision-making process.

Stereotyping

Assigning generalized attributes to individuals based on their membership in a particular group, without acknowledging individual differences.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to someone else.

Expectations

Beliefs or anticipation about the way events, behaviors, or processes should unfold.