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

Achieving a competitive advantage means being able to consistently provide something of high value which competitors cannot replicate quickly or do as well. This results in attracting more customers, increasing market share, and ultimately leading to higher profits. The other options are not the key result of achieving a competitive advantage.

The Key Result of Achieving a Competitive Advantage Is ___