Competitive advantage is the ability of a company to ________.
A) identify changes in consumer tastes and preferences
B) outperform another company because its managers are able to create more value from the resources at their disposal
C) develop a flexible organization structure that can quickly respond to changes in the environment
D) achieve economies of scale by manufacturing a product in large volumes

Question

Quizplus · Accepted Answer

Competitive advantage is achieved when a company is able to outperform its competitors by creating more value from its resources. This can be achieved through a variety of means, such as superior technology, brand recognition, or efficient operations, all of which are managed by effective leaders. The ability to identify changes in consumer tastes and preferences, develop a flexible organization structure, and achieve economies of scale are important factors that can contribute to competitive advantage, but they are not defining characteristics of it.

Competitive Advantage Is the Ability of a Company to ________