1 A firm is said to gain a competitive advantage when it can a. exceed its own previous performances. b. perform at the same level as that of its competitors. c. provide products similar to its competitors, but at lower prices. d. minimize the difference between value creation and cost. 1 points QUESTION 2 ________ are best described as the ethical standards and norms that govern the behavior of individuals within a firm. a. Organizational core values b. Corrective controls c. Customs duties d. Job descriptions 1 points QUESTION 3 Which of the following is an example of competitive parity? a. A firm provides wall clocks that its consumers value more than other wall clocks. b. A firm produces a similar number of wall clocks at a similar cost as its competitors. c. A firm manufactures higher-quality wall clocks than its competitors. d. A firm sells wall clocks at a lower price than its competitors. 1 points QUESTION 4 While creating its AFI strategy framework, Valdez Consultants decided what markets the firm should compete in. By doing this, what type of strategy did the company devise? a. corporate strategy b. global strategy c. ethical strategy d. business strategy