Establishing a Competitive Advantage Is Important but Insufficient

question 59

True/False

Establishing a competitive advantage is important but insufficient. To be successful in the long term, firms must maintain that advantage.

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Definitions:

Different Aspects

Various features, perspectives, or elements of a subject or situation.

Same Reality

The concept that different individuals or groups perceive the world around them in a similar way, sharing a common understanding or experience.

Measurable Facts

Information or data that can be quantified or verified through measurement.

Untestable Explanations

Theories or hypotheses that cannot be empirically tested or verified through observation or experiment.