Which of the Following Is a Characteristic of Competitive Advantage

question 39

Multiple Choice

Which of the following is a characteristic of competitive advantage?

• A)It is a long lasting edge over competitors if based on IT.
• B)It is short-lived if competitors quickly duplicate it.
• C)It requires the use of social media and networks.
• D)It provides a big strategic payoff.

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Definitions:

Existing Theories

The body of current hypotheses, ideas, and concepts that explain phenomena in a particular field of study.

Accommodation

In cognitive development, the process of altering one's existing schemas, or ideas, as a result of new information or experiences.

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group.

Hippocampus

A significant part of the brain in humans and other vertebrates that plays a crucial role in creating memories and navigating through space.