The concept of efficiency as a building block of competitive advantage applies to:
A) all products produced by a firm.
B) only those products that consumers believe to be high quality.
C) only those products of a firm popular among a large customer base.
D) custom-made products only.
E) only those products that have been redesigned.

Question

Quizplus · Accepted Answer

Efficiency can contribute to the competitive advantage of a firm for all products produced, as it can lower costs and increase productivity, which can lead to better pricing strategies and higher profit margins.

The Concept of Efficiency as a Building Block of Competitive