The key result of achieving a competitive advantage is __________.
A)An ability to sidestep government regulations.
B)An ability to consistently do something of high value which one's competitors cannot replicate quickly or do as well.
C)An ability to drive the competition out of business and to make extraordinarily high profits.
D)An ability to establish a monopolistic market position.
E)An ability to dictate consumer needs and preferences.

Question

Quizplus · Accepted Answer

The key result of achieving a competitive advantage is being able to consistently do something of high value which one's competitors cannot replicate quickly or do as well. This creates a unique position in the market that allows a business to generate higher profits and gain a larger market share. The other options listed are not desirable outcomes and may result in negative consequences such as legal and ethical issues.

The Key Result of Achieving a Competitive Advantage Is __________