A company's ability to sustain market share and profitability for several years running is referred to by what term?

Question

Quizplus · Accepted Answer

The term that refers to a company's ability to sustain market share and profitability for several years running is competitive advantage. This means that the company has successfully differentiated itself from competitors and has established a strong position in the market. Personnel administration and compensation practices are important factors for a company's success, but they are not the specific term used to describe sustained market share and profitability.

A Company's Ability to Sustain Market Share and Profitability for Several