Asked by
Trinidy Thompson
on Nov 09, 2024
Verified
Having a competitive advantage is ______, otherwise the business is not needed.
A) unnecessary
B) necessary
C) critical
D) relative to the industry
Competitive Advantage
The attribute that allows an organization to outperform its competitors, often due to unique resources, capabilities, or positioning.
Industry
A group of companies producing similar products or services, often categorized by their primary business activities.
Necessary
Essential or needed for a certain purpose.
- Recognize the importance of competitive advantage and the strategies to achieve it.
Verified Answer
PM
Learning Objectives
- Recognize the importance of competitive advantage and the strategies to achieve it.
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