A Realized Competitive Advantage Becomes Sustainable When

question 16

Multiple Choice

A realized competitive advantage becomes sustainable when:

• A)It is unique,valuable,and based on strong financial resources
• B)It involves all of the functional areas of the organization
• C)It is based on physical assets rather than knowledge
• D)It is based on a resource or capability that is difficult to imitate by competitors and there is no readily available substitute
• E)It is based on the quality of the organization's products and services

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Definitions:

Insured-against Event

A specific occurrence or risk covered under an insurance policy, for which the insurer agrees to compensate the insured party if it happens.

Professional Malpractice

Negligence or incompetence on the part of a professional, such as a doctor or lawyer, that results in harm to a client or patient.

Liability Insurance

Insurance coverage that protects against claims arising from injuries or damage to other people or property.

Standard of Care

A legal benchmark indicating the level of attention, caution, and prudence someone must exercise under particular circumstances.