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Which of the following could be a definition of strategic competitiveness? a. The ability of a firm to outperform its rivals by forming and executing a strategy that creates value for its stakeholders b. A solid company with predictable sales and profitability every year, delivering predictability for its shareholders c. A start-up company with an innovative new product that changes an industry d. The status of a company with the largest top-line sales number in an industry : a. The ability of a firm to outperform its rivals by forming and executing a strategy that creates value for its stakeholders The strategic management process is the: a. analysis of internal and external forces at work on a company that may prevent it from achieving average returns. b. utilization of the resource-based model of above-average returns to identify the internal resources a company should leverage to achieve strategic competitiveness. 2 | P a g e c. way that businesses formulate initiatives to create superior value for customers, then implement those initiatives to out-perform competitors. d. identification of the industry in which a company should compete due to the attractiveness of that industry's profitability. : c. way that businesses formulate initiatives to create superior value for customers, then implement those initiatives to out-perform competitors. Which of the following describes a company that has delivered above-average returns to its investors? a. A biotech firm that recently announced it has received FDA approval for its new orphan drug to treat a rare heart condition and will be able to sell the treatment for $10,000 per year per patient beginning in the fall b. A retail company that announced it sa