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Question
In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why ________, while the latter attempts to explain ________
A) competitive advantages should not persist; when they can.
B) competitive advantages should persist; when they can.
C) competitive advantages should persist; why they should not.
D) competitive parity should not persist; why they should.
Answer
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Related questions
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The ________ consists of broad trends in the context in which a firm operates that can have an impact on a firm's strategic choices.
A) micro-environment
B) general environment
C) task environment
D) internal environment
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A firm's supplier poses a greater threat if the supplier's industry has a large number of firms, none of which dominate the supplying industry, than if the supplier's industry is dominated by a small number of firms.
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________ measures of competitive advantage compare a firm's level of return to its cost of capital instead of to the average level of return in the industry.
A) Economic
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A competitive advantage that lasts a very short period of time is known as a ________ competitive advantage.
A) temporary
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The difference between the perceived benefits gained by a customer who purchases a firm's products or services and the full economic costs of these products or services is known as
A) accounting value.
B) comparative value.
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Q:
When a firm is able to create more economic value than rival firms it is said to have a(n)
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________ occurs when a firm adopts organizational policies and practices that are consistent with its strategy.
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The cost of equity is equal to the interest a firm must pay its debt holders in order to induce those debt holders to lend money to the firm.
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Identify the conditions under which a strategic alliance can be rare and discuss the role that complementary resources can play in the rarity of strategic alliances.
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Q:
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A) high.
B) low.
C) moderate.
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A) competitive position.
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