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_______ results from a firm's ability to leverage its resources and capabilities that derive in part from its talent.

A) Competitive Advantage
B) Operational Efficiency
C) Cost Leadership
D) Financial Stability

User Wad
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1 Answer

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Final answer:

Competitive advantage comes from a firm's ability to utilize its resources and capabilities, fostering a dynamic comparative advantage and economies of scale.

Step-by-step explanation:

The answer to the question is A) Competitive Advantage. This results from a firm's ability to leverage its resources and capabilities that derive in part from its talent. One key aspect of achieving a competitive advantage is the dynamic nature of comparative advantage, which can evolve over time through specific learning and the development of specialized products. This can include taking advantage of economies of scale and adapting to changes in the market or technology. It is not merely defined by climate, geography, or the general level of worker education, but by how effectively a company can utilize its unique resources.

User Jake Duth
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