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Four Rollers Corp., an automobile company, benefits by spending less than its competitors on labour, operations, promotions, and features offered. This enables the firm to charge relatively lower prices on its goods from its customers. Which of the following is a competitive advantage of the firm?
A) high quality
B) low costs
C) flexibility
D) delivery
E) adaptability
Competitive Advantage
The distinctive characteristics or situations that enable a company to surpass its rivals in performance.
Low Costs
A strategy or situation characterized by minimal expenses or financial outlay, aimed at achieving competitive advantage or operational efficiency.
Operations
The day-to-day activities involved in the running of a business to produce goods or provide services efficiently.
- Understand tactics for acquiring a competitive advantage by focusing on cost improvement, quality benchmarks, flexibility in processes, delivery efficiency, and adaptability measures.
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Learning Objectives
- Understand tactics for acquiring a competitive advantage by focusing on cost improvement, quality benchmarks, flexibility in processes, delivery efficiency, and adaptability measures.
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