If a firm's competitive advantage comes from external change, then:
A) The firm responds better to changing prices, technologies or tastes than its rivals
B) The firm responds faster to changing prices or tastes than its rivals
C) The firm has better creative capabilities than its rivals
D) The firm has a lower cost of capital than its rivals
Correct Answer:
Verified
Q51: Competitive advantage:
A)Exists only when an industry is
Q52: A firm can pre-empt imitation by:
A)Vigorous legal
Q53: Once established, competitive advantage is:
A)Relatively stable over
Q54: The simple form of the "theory of
Q55: To imitate the competitive advantage of another
Q57: "Strategic innovation" means introducing:
A)New products
B)New markets
C)New technologies
D)All
Q58: To successfully imitate the strategy of another
Q59: Requirements for quick organizational response to a
Q60: Isolating mechanisms are:
A)Mechanisms that slow or stop
Q61: To transfer or acquire resources a firm
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