A sustainable competitive advantage is gained:
A) when a company has durable competitive assets that are central to its strategy and superior to those of rival firms.
B) when a company has sufficient resources to expedite its strategy.
C) when a company realizes its inherent weaknesses are transformable to advantages.
D) when a company can stand out relative to rivals because of resource utilization.
E) when a company has resources in well-populated geographical locations

Question

Quizplus · Accepted Answer

A sustainable competitive advantage is achieved when a company has competitive assets that are both durable and superior to those of its rivals. These assets can include things like patents, brand recognition, unique technology or processes, and strong customer relationships. This allows the company to stand out and maintain its position in the marketplace over time, fending off competition and remaining profitable.

A Sustainable Competitive Advantage Is Gained