Which of the following terms best represents a firm's ability to achieve market superiority?
A)Flexibility
B)Agility
C)Quality assurance
D)Competitive advantage

Question

Quizplus · Accepted Answer

Competitive advantage refers to a firm's ability to perform better than its competitors in a particular area or market segment. It is the ultimate goal of any business to achieve market superiority and sustain it in the long run. Flexibility, agility, and quality assurance are also important factors that contribute to a firm's success, but they are not necessarily indicative of market superiority.

Which of the Following Terms Best Represents a Firm's Ability