As noted in Strategy Highlight 3.1,UBS is a Swiss banking institution that provided tax savings to U.S.clients until the U.S.government took action against UBS.Which of the following is true?
A) Political factors can remove a firm's competitive advantage(s).
B) Barriers to entry can be created through political factors.
C) Political factors can influence a firm's ability to differentiate its product.
D) All of these.

Question

Quizplus · Accepted Answer

Before the U.S. government took action against UBS, it was difficult for banks from other countries to compete with UBS due to its sustained competitive advantage and differentiated service provided by Swiss banking regulations.

As Noted in Strategy Highlight 3