Question: When a firm is able to create more economic value than rival firms it is said to have a ( n ) q , strategic

When a firm is able to create more economic value than rival firms it is said to have a(n)q,
strategic choice
temporary competitive advantage
competitive advantage
economic advantage
When a firm is able to create more economic value than

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

When a firm is able to create more economic value than rival firms it is said to have a ( n ) _ _ _ _ _ _ _ . Group of answer choices competitive advantage economic advantage strategic choice...

Q:

1:A lot of vendors set their office right next to Walmarts headquarter in Bentonville, Arkansas. While this practice helps vendors win over business with Walmart, it also increases their cost of...

Q:

1. If a solution satisfies all the constraints in a linear programming model, the solution is said to be _________. A. Optimal B. Basic C. Feasible D. Objective 2. What is the first step in...

Q:

4. In a network flow problem, the values assigned to ________ typically represent distance, time, or cost. A. nodes B. edges C. source D. sink 5. A company plans to determine a route for a delivery...

Q:

8. A business model details: a. A firm's strategy b. The products or services the firm provides c. How a firm intends to make money d. Where a firm competes 9. The primary purpose of business level...

Q:

Case Summary Read the Discussion Assignment 2-1 on p.34 of the text Technology Adoption by Small Manufacturers. Consider yourself as a health care leader in a small not-for-profit hospital. You have...

Q:

Please answer the following multiple choice questions. Thank you Question 6 (1 point) Tacktic is a scheme for a specific maneuver. Which of the following represents the overall plan for deploying...

Q:

Multiple choices i need help 7. High-quality objectives are tightly connected to the elements of a firm's I A. Human Resource Management B. Missions statements C. Coordination D. Logistical...

Q:

TOPIC 1: In reference to the Case: Chipotle in China Pick product, place, price or promotion, define it and explain how this element of the marketing mix impacts the Chipotle Case? TOPIC 2: Since...

Q:

From this book, Fred R. David - Strategic Management- A Competitive Advantage Approach, Concepts and Cases-Pearson (2016) (1) From APPLE CASE STUDY (Chapter SMC, Problem 21C) in your provided book ,...

Q:

What organization has established the industry standards for project management?

Q:

Phoenix Company reports the following actual results. Actual sales were 18,100 units. Sales (18,100 units) $ 3,665,250 Costs $ 1,209,080 278,740 45,250 295,000 Direct materials. Direct labor Sales...

Q:

The subprime mortgage crisis grew to the Financial Crisis of 2 0 0 8 because Financial institutions didr't understand the assets they owned Consumption dropped as access to credit was restricted The...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....