There are two sources of competitive advantage for a firm

Question

There are two sources of competitive advantage for a firm - it either has _____ or ______ or both.
A) value, costs
B) superior skills, money
C) superior skills, superior resources
D) None of the options given are correct.

Quizplus · Accepted Answer

The two main sources of competitive advantage for a firm are superior skills and superior resources. Superior skills refer to the capabilities and expertise of a firm's workforce, while superior resources can include physical, financial, or technological assets that a firm can leverage to outperform its competitors.