Competitive advantage refers to:

a. refers to intra-industry competition.

b. All of the answers are correct.

c. occurs when a firm's range of activities (i. e., production, finance, marketing, logistics, etc.) act in harmony as a set of integrated choices.

d. refers to how a firm does something unique to create added value.

Question

Business

Tiana

23 February, 14:31

Competitive advantage refers to:

a. refers to intra-industry competition.

b. All of the answers are correct.

c. occurs when a firm's range of activities (i. e., production, finance, marketing, logistics, etc.) act in harmony as a set of integrated choices.

d. refers to how a firm does something unique to create added value.

+3

Answers (1)

Know the Answer?

Winston Kennedy · Answer 1

d. refers to how a firm does something unique to create added value.

Explanation:

The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.

The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.