Staying power refers to the: relative abilities of parties in a situation to exert influence over each other. relative abilities of parties in a situation to exert influence over each other. ability of a firm to produce a good or service at a lower opportunity cost than a rival. ability of a firm to produce a good or service at a lower opportunity cost than a rival. long-term viability of a product or service. long-term viability of a product or service. physical demands required to run a product or service. physical demands required to run a product or service. ability to take advantage of complementary products developed for a prior generation of technology.