For your business to be successful you will need a strategy for beating the competition, i.e., your ________.
A) competitive advantage
B) customer analysis
C) target market
D) market analysis

Question

Quizplus · Accepted Answer

Competitive advantage refers to the unique advantage that your business has over your competitors, which allows you to outperform them in the market. Developing a strong competitive advantage is essential for your business to be successful in beating your competitors. Customer analysis, target market, and market analysis are important components of developing a successful strategy, but they are not necessarily the key to beating the competition.

For Your Business to Be Successful You Will Need a Strategy