Competitive advantage can be achieved through quality by finding ways and using technology to create products and services that are of consistently higher quality for customers than what is offered by one's competitors.

Question

Quizplus · Accepted Answer

This statement is true. Companies that prioritize and invest in quality can differentiate themselves from their competitors and attract customers who are willing to pay more for higher quality products or services. Additionally, consistently high quality can lead to customer loyalty and positive word-of-mouth marketing, further enhancing a company's competitive advantage.

Competitive Advantage Can Be Achieved Through Quality by Finding Ways