Once established, competitive advantage is:
A) Relatively stable over time
B) Subject to erosion by competitors or entrants
C) A firm's reward for leading the industry
D) Easily maintained unless entry barriers are high
Correct Answer:
Verified
Q48: Schumpeter's "gale of creative destruction":
A)Helps all firms
Q49: Competitive advantage can be defined as:
A)The difference
Q50: A firm with a competitive advantage other
Q51: Competitive advantage:
A)Exists only when an industry is
Q52: A firm can pre-empt imitation by:
A)Vigorous legal
Q54: The simple form of the "theory of
Q55: To imitate the competitive advantage of another
Q56: If a firm's competitive advantage comes from
Q57: "Strategic innovation" means introducing:
A)New products
B)New markets
C)New technologies
D)All
Q58: To successfully imitate the strategy of another
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