When can a company achieve sustainable competitive advantage?

a. Whenever it possesses the most profitable business model in the industry and can satisfy shareholder expectations better than its competitors

b. When elements of the strategy give buyers lasting reasons to prefer a company's products or services over those of competitors

c. When it is able to produce better products for lower costs than its rivals

d. When it consistently achieves both its long-term and short-term strategic and financial objectives

e. If it can translate its vision, mission, and values into a well-crafted strategy

Question

Business

Reese Booth

31 May, 16:21

When can a company achieve sustainable competitive advantage?

a. Whenever it possesses the most profitable business model in the industry and can satisfy shareholder expectations better than its competitors

b. When elements of the strategy give buyers lasting reasons to prefer a company's products or services over those of competitors

c. When it is able to produce better products for lower costs than its rivals

d. When it consistently achieves both its long-term and short-term strategic and financial objectives

e. If it can translate its vision, mission, and values into a well-crafted strategy

+2

Answers (1)

Know the Answer?

Ava Daniel · Answer 1

A company achieves sustainable competitive advantage if the elements of strategy give buyers the lasting reasons to prefer a company's products or services over those of competitors.

As a result, the correct option is B

Explanation:

When a company achieves sustainable competitive advantage as above, it will sure have a profitable business model and satisfies shareholders' expectations as well as achieve long-term and short-term strategic and financial objectives.

It will also be able to translate its vision, mission and values into a well crafted strategy.