Factors that help a company to build and sustain competitive advantage include which of the following?
A) Superior efficiency
B) Product quality
C) Innovation
D) Customer responsiveness
E) All of these

Question

Quizplus · Accepted Answer

Building and sustaining competitive advantage involves a combination of superior efficiency, product quality, innovation, and customer responsiveness. Companies need to find ways to excel in all these areas to stay ahead of the competition over the long run. Superior efficiency means being able to produce goods or services at a lower cost than competitors. Product quality is critical because customers want products that meet their needs and expectations. Innovation is important because it allows companies to create new products or services that provide unique value to customers. Customer responsiveness is key because it involves listening to the needs and feedback of customers and adapting to meet their changing needs over time. A company that can excel in all these areas is more likely to build and sustain a competitive advantage over the long run.

Factors That Help a Company to Build and Sustain Competitive