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Test Bank For Strategic Management Concepts and Cases 3rd Edition By Jeffrey H. Dyer, Paul Godfrey. VERIFIED

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1) ________ can be best defined as when an organization generates higher profits compared to its rivals. a) Client advantage b) Competitive advantage c) Employer advantage d) Unique valueAnswer: b Difficulty: Easy Section Reference 1: What Is Business Strategy? Learning Objective 1: Define business strategy, including the importance of competitive advantage, the four choices that are critical to strategy formulation, and the strategic management process. Bloomcode: Knowledge Standard 1 : AACSB || Analytic

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