Competitive advantage is the ability of one company to outperform another because its managers are able to create more value from the resources at their disposal.
Correct Answer:
Verified
Q15: Value creation by an organization takes place
Q16: The organizational environment is a set of
Q17: Entrepreneurship is the process by which people
Q18: Transaction costs are the costs associated with
Q19: Economies of scale are cost savings achieved
Q21: Which of the following is most likely
Q22: _ are cost savings that result when
Q23: _ costs are the costs associated with
Q24: The technical approach to measuring organizational effectiveness
Q25: _ are cost savings that result when
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