The Term Competitive Advantage Suggests a Single Condition Where

question 43

Multiple Choice

The term competitive advantage suggests a single condition where:

• A)The firm is the leader in its industry.
• B)The firm is making more profits than it did one year previously.
• C)A firm sustains profits that exceed the average for its industry.
• D)None of the choices is correct.

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Definitions:

Nonunion Operations

Workplaces or businesses that do not have their employees represented by a labor union or similar worker's association.

Turnover

The rate at which employees leave a company and are replaced by new employees over a given period.

Craft Union

A labor union representing workers who are skilled in a specific craft or trade.

Industrial Union

A labor union organizing method where all workers in the same industry, regardless of job function, are organized into a single union.