Ask Question
BusinessBusiness
23 May, 19:58

The notion of competitive advantage means that:

a. A successful firm will stake out a position unique in some manner from its rivals

b. The advantage can be enjoyed only for a short period

c. A company manufactures products which are similar to those of its competitors.

d. An established firm focuses solely on developing a low-price competitive advantage

+4
Answers (1)
  1. 23 May, 21:03
    0
    The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.

    Explanation:

    A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

    The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The notion of competitive advantage means that: a. A successful firm will stake out a position unique in some manner from its rivals b. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is an investment instrument in which you purchase a part of a collection of investments?
Answers (1)
Marcos is a recent college graduate. He learned in his business courses that as a potential small business owner, he should focus his sights on domestic business only. Feedback: The world market is much larger and more lucrative than just the U. S.
Answers (1)
If there is a substantial amount of capital leaving a country, what is a country most likely to implement to control the situation? A. import restrictionsB. local-content lawsC. exchange controlsD. price controlsE. tax controls
Answers (1)
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $3.20 per case. Orders arrive three days from the time they are placed.
Answers (1)
April and Wayne are the buyer and seller of a condo, respectively. April is represented by Steve. Wayne is represented by Wanda. Name the principal (s) in this transaction.
Answers (1)
New Questions in Business
Many health care companies are making adaptations to meet the needs of aging population as the demand for medical services and products such as diabetes supplies increases.
Answers (1)
Shane owns shares of Vegan Pizza Inc., a food and beverages company. The company's financial situation takes a turn for the worse and ends up in severe debt.
Answers (1)
What happens to supply when input costs go up? It increases because the good becomes cheaper to produce. It increases because the good becomes more expensive to produce. It decreases because consumers find a substitute product.
Answers (2)
In 2007 the Fitzu Co. had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off.
Answers (1)
An online investment blogger advises investing in mutual funds that have performed badly the past year because 'regression to the mean tells us that they will do well next year.' Is he correct?
Answers (1)
Home » Business » The notion of competitive advantage means that: a. A successful firm will stake out a position unique in some manner from its rivals b. The advantage can be enjoyed only for a short period c.
Sign Up Forgot Password?