Potential drivers of ________ include the ability to outperform based on product innovation,customer service,speed to market,manufacturing flexibility,and product or service quality.
A)competitive advantage
B)skimming
C)cartelization
D)reverse innovation
E)incremental change

Question

Quizplus · Accepted Answer

The given statement refers to potential drivers of competitive advantage, which is the ability of a company to outperform its competitors by offering better products/services or by having superior abilities in areas like customer service, speed to market, manufacturing flexibility, etc. Skimming refers to a pricing strategy where companies charge high prices initially and then gradually lower them, Cartelization refers to a situation where companies in an industry collude to control prices and supply. Reverse innovation refers to innovative products or services designed for the needs of customers in emerging markets. Incremental change refers to small improvements made to existing products or processes.

Potential Drivers of ________ Include the Ability to Outperform Based