which of the following statements is an accurate interpretation of the diagram for sustaining a competitive advantage?
a new business must answer yes to all three questions to sustain a competitive advantage. the best way for a new business to sustain a competitive advantage is to have large hard drives for data storage. a new business can answer yes to only two questions and still sustain a competitive advantage.
What are the accurate interpretations of the diagram for sustaining a competitive advantage?
The diagram for sustaining a competitive advantage consists of three questions that a new business must answer. Let’s analyze each statement to determine which one accurately interprets the diagram:
This statement accurately reflects the diagram. In order to sustain a competitive advantage, a new business needs to answer affirmatively to all three questions presented in the diagram. This emphasizes the importance of considering multiple factors and strategies for maintaining a competitive edge in the market.
This statement is not an accurate interpretation of the diagram. The diagram likely focuses on broader aspects of sustaining a competitive advantage, such as strategic decision-making, market positioning, customer satisfaction, innovation, and resource allocation. While data storage may be essential for some businesses, it does not encompass all the factors necessary for sustaining a competitive advantage.
This statement does not accurately reflect the diagram. As stated previously, the diagram emphasizes that a new business must answer yes to all three questions to sustain a competitive advantage. Failing to satisfy any of the questions may weaken a business’s competitive position and hinder its ability to stay ahead in the market.
Overall, the accurate interpretation of the diagram for sustaining a competitive advantage is that a new business must answer yes to all three questions in order to maintain its competitive edge.