Business definition + Competitive advantage is ________.
A) Competitive strategy
B) Competitive plan
C) Competitive approach
D) Competitive tactics
E) Business mission

Question

Quizplus · Accepted Answer

Competitive advantage is a key component in developing a competitive strategy, which involves a set of actions or tactics designed to outperform competitors in areas such as pricing, product differentiation or customer service. A competitive strategy is a comprehensive plan that integrates all of a company's strategies and tactics to create a sustainable competitive advantage, while achieving the company's overall goals and objectives.

Business Definition + Competitive Advantage Is ________