Asked by
Katelyn Peoples
on Oct 23, 2024
Verified
The key result of achieving a competitive advantage is ___.
A) an ability to sidestep government regulations
B) an ability to consistently do something of high value which one's competitors cannot replicate quickly or do as well
C) an ability to drive the competition out of business and to make extraordinarily high profits
D) an ability to establish a monopolistic market position
E) an ability to dictate consumer needs and preferences
Competitive Advantage
The unique attributes or circumstances allowing an organization to outperform its competitors.
High Value
Describes products, services, or actions that yield significant benefits or returns relative to their cost or effort.
Competitors
Other businesses or individuals that offer similar products or services, competing for the same customers or market share.
- Understand the idea of competitive advantage and the methods by which it can be developed and sustained.
Verified Answer
MP
Learning Objectives
- Understand the idea of competitive advantage and the methods by which it can be developed and sustained.
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