When a company succeeds in creating more value for customers than its competitors do,that company is said to enjoy competitive advantage.

Name: When a company succeeds in creating more value for customers than its competitors do,that company is said to enjoy competitive advantage.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Competitive advantage occurs when a company achieves higher profit margins than its competitors by delivering greater value to customers, either through lower prices or by providing more benefits that justify higher prices.

When a Company Succeeds in Creating More Value for Customers