The key result of achieving a competitive advantage is:
A) an ability to establish a monopolistic market position.
B) an ability to sidestep government regulations.
C) an ability to dictate consumer needs and preferences.
D) an ability to drive the competition out of business and to make extraordinarily high profits.
E) an ability to consistently do something of high value that one's competitors cannot replicate or do as well.

Question

Quizplus · Accepted Answer

Achieving a competitive advantage allows a company to perform in a manner that is difficult for competitors to replicate, thereby offering products or services that are of high value to customers. This does not necessarily mean driving competitors out of business or establishing a monopoly, but rather excelling in a way that sets the company apart.

The Key Result of Achieving a Competitive Advantage Is