In practice, competitive advantage is about creating value for the firm and for customers. Four main elements of value are positioning, customer persuasion, capabiltiy and
A) learning
B) efficiency
C) knowledge
D) effectiveness

Question

Quizplus · Accepted Answer

Efficiency is a key element of value as it involves optimizing resources to deliver products or services effectively, contributing to competitive advantage.

In Practice, Competitive Advantage Is About Creating Value for the Firm