Question

In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why ________, while the latter attempts to explain ________.

A) competitive advantages should not persist when they can
B) competitive advantages should persist when they can
C) competitive advantages should persist why they should not
D) competitive parity should not persist why they should

Answer 1

The difference between traditional economics research and strategic management research is that the former attempts to explain why competitive advantages should not persist when they can, while the latter attempts to explain why competitive advantages should persist when they can.

Step-by-step explanation:

In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why competitive advantages should not persist when they can, while the latter attempts to explain why competitive advantages should persist when they can.

Traditional economics research focuses on the concept of perfect competition, where businesses operate in an environment with many tough competitors. It argues that competitive advantages should not persist because too much competition can lead to lower profits and higher costs for firms.

On the other hand, strategic management research examines how firms can achieve and sustain a competitive advantage in the marketplace. It emphasizes the importance of building and maintaining a unique and valuable position in the market, which can lead to higher profits and long-term success.