The Ability of a Firm Achieving a Good Level of Profit

Multiple Choice

The ability of a firm achieving a good level of profit thanks to its resources and capabilities depends on:

A) Many factors in addition to the firm's competences
B) The ability of top managers to effectively and efficiently guide the firm through the strategic management process
C) Its ability to use them to establish and to sustain, competitive advantage and to appropriate the returns by deploying its competitive advantage
D) Its ability to perform better than its rivals, to extract more value than similar firms in the same strategic group, and to distribute the value to its stakeholders