A company can create competitive advantage by
A) lowering switching costs.
B) refusing alliances.
C) staying with the "tried and true" processes that competitors use.
D) reducing barriers to entry.
E) adding technology to its business process.

Question

Quizplus · Accepted Answer

Adding technology to its business process can provide a company with a competitive advantage by improving efficiency, reducing costs, and enabling the company to offer new and innovative products or services that its competitors cannot match. This can lead to increased customer loyalty, higher profits and market share, and a stronger position in the industry. Therefore, this is the best choice among the given options.

A Company Can Create Competitive Advantage by