Asked by Miriam Petit on Jun 09, 2024
Verified
An organisation can achieve a competitive advantage through which of the following ways?
A) Pricing and customer service
B) Cost efficiency and quality
C) Customer service and quality
D) All of the options listed
E) None of the options listed
Competitive Advantage
The attributes or conditions that allow an organization to outperform its competitors.
Cost Efficiency
The effectiveness of an organization's ability to produce output at the lowest possible cost while maintaining quality.
Customer Service
The assistance and advice provided by a company to those people who buy or use its products or services.
- Acquaint oneself with the tactics businesses employ to secure a competitive advantage.
Verified Answer
FI
Firdausa ImtinaniJun 11, 2024
Final Answer :
D
Explanation :
All of the options listed (A, B, C) are ways an organization can achieve a competitive advantage. Pricing, customer service, cost efficiency, and quality are all critical factors that can distinguish a company from its competitors.
Learning Objectives
- Acquaint oneself with the tactics businesses employ to secure a competitive advantage.