Question $7(5$ points$)$

What is the significance of a business model in achieving a competitive advantage?

The significance is that it provides a blauprint for acquiring more resources than the competitors

It helps managors understand how various serategies can create activities that fit together to make a company unique and able to sonsistondly ouperform the competition

It relies on the company's markst position and industry dominance

It prioritizes short$-$torm profit growth over long$-$term sustainability

It focuses on creating a single, unchanging strategy for the company