- 1 Marks
Question
The appropriate term for anything that a firm does better especially when compared to rival firms is called:
A. Opportunities
B. Core competence
C. Performance
D. Competitive advantage
E. Capability
Answer
D
Explanation:
The correct answer is “D. Competitive advantage.”
Explanation: Competitive advantage refers to the attributes or capabilities that allow a firm to outperform its competitors, providing greater value to customers.
- Tags: Competitive Advantage, Core Competence, Strategy
- Level: Level 1
- Topic: Basic Management Functions
- Series: NOV 2015
- Uploader: Dotse