If a firm wants to develop a sustainable competitive advantage, it should Multiple Choice begin an aggressive campaign to buy up competitors. copy the innovative features of other firms that are attractive to customers. examine its operations and customer relations to identify significant things competitors cannot easily copy. increase its marketing budget so that it outspends its competitors. arrange to meet with competitors to discuss how to avoid direct competition.

Question

Business

Jayson

14 January, 04:37

If a firm wants to develop a sustainable competitive advantage, it should Multiple Choice begin an aggressive campaign to buy up competitors. copy the innovative features of other firms that are attractive to customers. examine its operations and customer relations to identify significant things competitors cannot easily copy. increase its marketing budget so that it outspends its competitors. arrange to meet with competitors to discuss how to avoid direct competition.

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Aaliyah Acosta · Answer 1

Examine its operations and customer relations to identify significant things competitors cannot easily copy.

Explanation:

Competitive advantage refers to the ability a company has to provide greater value to competitors through an efficient use of the resources in a way that is more desirable and this advantage should not be easy to replicate by its competitors so it can be sustainable over the long run.