The key result of a competitive advantage for a company is an ability to ________.
A)sidestep government regulations on preferred activities of the company
B)establish a monopolistic market position by dictating consumer needs and preferences
C)improve the quality of products in spite of a decrease in the efficiency of production
D)consistently do something of high value that one's competitors cannot replicate quickly or do as well
E)promote products that are sustainable and environmentally friendly

Question

Quizplus · Accepted Answer

A competitive advantage allows a company to consistently provide something of high value that its competitors cannot replicate quickly or do as well, whether it is through product quality, innovation, cost-efficiency, customer service, or other factors. This enables the company to stand out in the market, attract and retain customers, and achieve long-term profitability and growth. It is not about sidestepping government regulations, establishing a monopolistic position, improving quality at the cost of efficiency, or promoting sustainable products (although these may be part of a company's competitive strategy).

The Key Result of a Competitive Advantage for a Company