A sustainable competitive advantage for a firm refers to:
A) an advantage that a firm possesses as a result of being first in a particular market.
B) an advantage that a firm possesses for a short period of time, till a competitor replicates it.
C) an advantage that is not easily copied and thus can be maintained over a long period of time.
D) an advantage companies possess by being already established in a market.
E) an advantage that a firm has as a result of its ability to produce goods at a lower cost than its competitors.
Correct Answer:
Verified
Q103: A group of firms that make and
Q104: Which of the following activities is part
Q105: Which of the following statements is most
Q106: CL Inc., an L.A.-based shoe manufacturer, develops
Q107: United Beverages opens a number of new
Q109: The three major phases of the marketing
Q110: Patisserrita is a family-owned chain of bakeries
Q111: Which of the following is a key
Q112: Churches, educational organizations, and hospitals are considered
Q113: Jim wants to sell his couch and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents