For your business to be successful you will need a strategy for beating the competition, that is, a ________.
A) Competitive advantage
B) Market analysis
C) Target market
D) Customer analysis
E) Competitive benefit

Question

Quizplus · Accepted Answer

A competitive advantage is a unique aspect of your business that sets it apart from competitors and gives you an edge in the market. It could be a unique product or service, cost advantages, or even brand recognition. Having a strong competitive advantage is crucial for long-term success and profitability.

For Your Business to Be Successful You Will Need a Strategy