A unique ability to create, distribute, or service products valued by customers is called:
A)a first-mover advantage.
B)a competitive advantage.
C)a comparative advantage.
D)economy of scale.

Question

Quizplus · Accepted Answer

A competitive advantage refers to a company's ability to outperform competitors in terms of creating, distributing, or servicing products that are highly valued by customers. This advantage could come from a variety of factors such as unique technologies, efficient production processes, strong brand recognition, or superior customer service. Having a competitive advantage can help a company to attract and retain customers, increase sales, and ultimately generate higher profits. A competitive advantage is a unique ability that allows a company to outperform its competitors. This could be through creating, distributing, or servicing products that are highly valued by customers. It is what sets a company apart in the marketplace and allows it to succeed.

A Unique Ability to Create, Distribute, or Service Products Valued