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111 PDF
111 PDF
111 PDF
A firm has achieved ______ when it successfully formulates and implements a value-creating
strategy.
a. strategic competitiveness
b. a permanently sustainable competitive advantage
c. substantial returns
d. legal and ethical core values
2. A competitive advantage:
a. can be permanent if the firm has successfully implemented the strategic management process.
b. entails reducing investors' risk to near zero.
c. can be identified when competitors are unable to duplicate or find it too costly to try to imitate.
d. exists when competing firms are unable to find investors.