Asked by Mileka Lawson on Jul 17, 2024
Verified
The sources of competitive advantage for production-based Internet business models are search and problem-solving.
Competitive Advantage
Competitive advantage occurs when an organization acquires or develops an attribute or combination of attributes that allows it to outperform its competitors.
Production-Based
A focus on the quantity of work or goods produced, often prioritizing output over quality or other factors.
Internet Business Models
The strategies and methods that companies operating online employ to generate revenue, including ecommerce, subscription services, and advertising-based models.
- Comprehend the diversity of Internet business strategies and their sources of competitive superiority.
Verified Answer
SL
Sharon LindseyJul 22, 2024
Final Answer :
True
Explanation :
Production-based Internet business models rely heavily on effective search algorithms and problem-solving capabilities to provide a competitive advantage. Efficient search algorithms help users find what they are looking for quickly and easily, while effective problem-solving capabilities allow businesses to address user needs and meet their requirements in more innovative ways than their competitors. Thus, the ability to offer effective search and problem-solving solutions gives production-based Internet businesses a significant competitive advantage.
Learning Objectives
- Comprehend the diversity of Internet business strategies and their sources of competitive superiority.