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QUESTION:

Multiple Choice Question

In order to determine if Home Depot has a competitive advantage, we must compare Home Depot's performance to Blank.

Multiple choice question.

the performance of other firms in its industry

a firm in the technology industry

only non–US-based firms

its past financial performance

ANSWER:

In order to determine if Home Depot has a competitive advantage, we must compare Home Depot's performance to Blank.

Multiple choice question.

the performance of other firms in its industry

a firm in the technology industry

only non–US-based firms

its past financial performance

Reason:

Even if Home Depot did better this year than it did last year, that would not mean per definition that it had a competitive advantage this year. Whether or not it had a competitive advantage depends on how Home Depot performed compared to competitors in the same industry, such as Lowe's, or relative to the industry average.

Correct AnswerQuestion

the performance of other firms in its industry

Posted by Cleveland on October 22, 2024

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