Question $2(1$ point$)$

When can a company achieve sustainable competitive advantage?

Whenever it possesses the most profitable business model in the industry and can satisfy shareholder expectations better than its competitors

$*$When elements of the strategy give buyers lasting reasons to prefer a company's products or services over those of competitors

When it is able to produce better products for lower costs than its rivals

When it consistently achieves both its long$-$term and short$-$term strategic and financial objectives

If it can translate its vision, mission, and values into a well$-$crafted strategy