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A company cannot survive for long without at least one competitive

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A company cannot survive for long without at least one competitive  [#permalink]

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New post 15 May 2017, 11:36
8
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A
B
C
D
E

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  75% (hard)

Question Stats:

52% (02:01) correct 48% (01:54) wrong based on 236 sessions

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A company cannot survive for long without at least one competitive advantage over the rest of the companies in the industry. With the latest technological developments, a company’s competitors can imitate its competitive advantage more easily than before. Besides, in this hyper-competitive world, building more than one competitive advantage is also not always possible.

Which of the following statements is best supported by the passage above?


A. For a company to survive in the long run, it needs to imitate the competitive advantage of all of its competitors, in addition to maintaining at least one competitive advantage.

B. No two companies producing the same products or services can survive in a marketplace in the long run.

C. A company needs to regularly replace existing competitive advantages with new competitive advantages in order to survive in the long run

D. If two companies in an industry try to imitate each other’s competitive advantages, then both the companies will not be able to survive in the long run.

E. In the future, it is highly unlikely that imitating the competitive advantage of competitors will become difficult.

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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 15 May 2017, 11:59
Answer shoul be A as it specifies that a company needs to maintain at least one competitive advantage to survive along with imitating the competitive advantage of all of its competitors

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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 15 May 2017, 13:19
Answer should be E.
Thats the only truth we can be sure of.
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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 16 May 2017, 05:23
IMO C

Waiting for OA.

Also please mention the source.

Thanks
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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 16 May 2017, 08:13
Skywalker18 wrote:
A company cannot survive for long without at least one competitive advantage over the rest of the companies in the industry. With the latest technological developments, a company’s competitors can imitate its competitive advantage more easily than before. Besides, in this hyper-competitive world, building more than one competitive advantage is also not always possible.

Which of the following statements is best supported by the passage above?


A.For a company to survive in the long run, it needs to imitate the competitive advantage of all of its competitors, in addition to maintaining at least one competitive advantage.
If that company imitates the competitive advantage of its competitors, that competitive advantage will no longer be its competitive advantage over the rest of the companies in the industry.

For example, A has the competitive advantage over others in the industry. This means that only A has this advantage. However, B copies this advantage, and A is no longer the only company that owns this advantage. In other words, this advantage isn't the competitive advantage any more.


B.No two companies producing the same products or services can survive in a marketplace in the long run.
If these 2 companies have their own competitive advantage, then they could still survive in the long run.

C.A company needs to regularly replace existing competitive advantages with new competitive advantages in order to survive in the long run
Correct. In case that imitating is so easy, in order to survive in the long run, a company needs to create new competitive advantages. Just satisfies the fact that it has its own competitive advantage over others, it will survive for a long time.

D.If two companies in an industry try to imitate each other’s competitive advantages, then both the companies will not be able to survive in the long run.
What happened if these 2 companies try to create new competitive advantages?

E.In the future, it is highly unlikely that imitating the competitive advantage of competitors will become difficult.
The passage mentioned nothing about the difficulty of imitating in the future.
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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 16 May 2017, 09:08
Answer should be C
As every time a company would have new competitive advantage over other companies , that's at least condition is satisfied along with Imitateing .

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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 16 Jul 2018, 12:52
Option B: company can still copy/imitate and have their own CA also.
Option E:
Incorrect - Against given information. Argument just talk about present. It doesn't predict about future.
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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 19 Jul 2018, 08:37
broall wrote:
Skywalker18 wrote:
A company cannot survive for long without at least one competitive advantage over the rest of the companies in the industry. With the latest technological developments, a company’s competitors can imitate its competitive advantage more easily than before. Besides, in this hyper-competitive world, building more than one competitive advantage is also not always possible.

Which of the following statements is best supported by the passage above?


A.For a company to survive in the long run, it needs to imitate the competitive advantage of all of its competitors, in addition to maintaining at least one competitive advantage.
If that company imitates the competitive advantage of its competitors, that competitive advantage will no longer be its competitive advantage over the rest of the companies in the industry.

For example, A has the competitive advantage over others in the industry. This means that only A has this advantage. However, B copies this advantage, and A is no longer the only company that owns this advantage. In other words, this advantage isn't the competitive advantage any more.


B.No two companies producing the same products or services can survive in a marketplace in the long run.
If these 2 companies have their own competitive advantage, then they could still survive in the long run.

C.A company needs to regularly replace existing competitive advantages with new competitive advantages in order to survive in the long run
Correct. In case that imitating is so easy, in order to survive in the long run, a company needs to create new competitive advantages. Just satisfies the fact that it has its own competitive advantage over others, it will survive for a long time.

D.If two companies in an industry try to imitate each other’s competitive advantages, then both the companies will not be able to survive in the long run.
What happened if these 2 companies try to create new competitive advantages?

E.In the future, it is highly unlikely that imitating the competitive advantage of competitors will become difficult.
The passage mentioned nothing about the difficulty of imitating in the future.



I understood why C is the correct answer but I couldn't understand that why is option A wrong.
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Re: A company cannot survive for long without at least one competitive  [#permalink]

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New post 21 Jul 2018, 01:58
nipun21 wrote:
broall wrote:
Skywalker18 wrote:
A company cannot survive for long without at least one competitive advantage over the rest of the companies in the industry. With the latest technological developments, a company’s competitors can imitate its competitive advantage more easily than before. Besides, in this hyper-competitive world, building more than one competitive advantage is also not always possible.

Which of the following statements is best supported by the passage above?


A.For a company to survive in the long run, it needs to imitate the competitive advantage of all of its competitors, in addition to maintaining at least one competitive advantage.
If that company imitates the competitive advantage of its competitors, that competitive advantage will no longer be its competitive advantage over the rest of the companies in the industry.

For example, A has the competitive advantage over others in the industry. This means that only A has this advantage. However, B copies this advantage, and A is no longer the only company that owns this advantage. In other words, this advantage isn't the competitive advantage any more.


B.No two companies producing the same products or services can survive in a marketplace in the long run.
If these 2 companies have their own competitive advantage, then they could still survive in the long run.

C.A company needs to regularly replace existing competitive advantages with new competitive advantages in order to survive in the long run
Correct. In case that imitating is so easy, in order to survive in the long run, a company needs to create new competitive advantages. Just satisfies the fact that it has its own competitive advantage over others, it will survive for a long time.

D.If two companies in an industry try to imitate each other’s competitive advantages, then both the companies will not be able to survive in the long run.
What happened if these 2 companies try to create new competitive advantages?

E.In the future, it is highly unlikely that imitating the competitive advantage of competitors will become difficult.
The passage mentioned nothing about the difficulty of imitating in the future.



I understood why C is the correct answer but I couldn't understand that why is option A wrong.



Option A is wrong because a part of the answer says company needs to imitate from its competitors which is never mentioned in the passage
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Re: A company cannot survive for long without at least one competitive &nbs [#permalink] 21 Jul 2018, 01:58
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