Which of the following was not identified as a way for the typical small business to establish a competitive advantage?
A)Lowering prices
B)Providing higher quality goods or services
C)Improving customer service
D)Doing whatever the company does for its customers better than its competitors

Question

Quizplus · Accepted Answer

Lowering prices may not always be feasible or sustainable for small businesses in the long run as it can lead to lower profit margins and may not necessarily differentiate the business from its competitors. The other options (B, C, and D) involve improving the quality of goods/services, providing better customer service, and surpassing competitors in a specific aspect, which can establish a competitive advantage for the small business.

Which of the Following Was Not Identified as a Way