Firms have a competitive advantage whenA) They can deliver the same product benefits as their competitors but at a lower costB) They can deliver superior product at a similar costC) Both of the aboveD) None of the above

Question

​Firms have a competitive advantage whenA) ​They can deliver the same product benefits as their competitors but at a lower costB) They can deliver superior product at a similar costC) Both of the aboveD) ​None of the above

sydney sergot · Accepted Answer

Final Answer : C, Explanation :  A competitive advantage can either stem from being able to offer a product at a lower cost than competitors or providing a superior product compared to competitors, both of which are covered in options A and B. Therefore, choice C is the best answer.

Firms have a competitive advantage when

A) They can deliver the same product benefits as their competitors but at a lower cost
B) They can deliver superior product at a similar cost
C) Both of the above
D) None of the above

Definitions

Learning Objectives

Learning Objectives

Related questions

​Firms have a competitive advantage whenA) ​They can deliver the same product benefits as their competitors but at a lower costB) They can deliver superior product at a similar costC) Both of the aboveD) ​None of the above

Definitions

Learning Objectives

Learning Objectives

Related questions

Firms have a competitive advantage when

A) They can deliver the same product benefits as their competitors but at a lower cost
B) They can deliver superior product at a similar cost
C) Both of the above
D) None of the above