When a company performs some activities truly well in comparison to competitors it is said to have?Competitive Advantage vs.
A firm's ability to produce a good or service more efficiently than its competitors, which leads to greater profit margins, creates a comparative advantage. Rational consumers will choose the cheaper of any two perfect substitutes offered. Show
Which of the following tests determine whether a competitive advantage can be sustained in the face of competition?The VRIN tests for sustainable competitive advantage. A competitively valuable capability that a company performs better than its rivals.
Which two tests of a resource's competitive power determine whether a company's competitive advantage can be sustained in the face of active competition?Which two tests of a resource's competitive power determine whether a company's competitive advantage can be sustained in the face of active competition? Whether the resource or capability is hard to copy and/or can be trumped by different types of resources and capabilities.
Is a more competitively valuable strength than a competence because of the key role the activities play in the company's strategy?core competence: A. is a more competitively valuable strength than a competence because of the key role the activities play in the company's strategy.
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