A company achieves a competitive advantage when:
A) it provides buyers with superior value compared to rival sellers or offers the same value at a lower cost.
B) it has a profitable business model.
C) it is able to maximize shareholder wealth.
D) it is consistently able to achieve both its strategic and financial objectives.
E) its strategy and its business model are well-matched and in sync.

Question

Quizplus · Accepted Answer

A company achieves a competitive advantage when it provides buyers with superior value compared to rival sellers or offers the same value at a lower cost. This allows the company to differentiate itself from competitors and attract more customers, ultimately leading to increased profit and long-term success. Other factors, such as having a profitable business model, maximizing shareholder wealth, and achieving strategic and financial objectives, may contribute to a company's success, but providing superior value to customers is the primary driver of competitive advantage. Additionally, having a strategy and business model that are well-matched and in sync can help a company to achieve its goals more effectively.

A Company Achieves a Competitive Advantage When