Competitive advantage
A)exists only when an industry is in long term equilibrium.
B)emerges from external and internal sources.
C)both a and b.
D)neither a nor b.

Question

Quizplus · Accepted Answer

Competitive advantage can emerge from both external factors, such as market conditions and industry trends, and internal sources, such as a company's unique resources, capabilities, or processes. It does not solely depend on the industry being in long-term equilibrium.

Competitive Advantage