What is a competitive edge?
A) A particular characteristic that makes one firm more attractive to customers than other firms
B) A concept that two or more people, working together in a coordinated way, can accomplish more than the sum of their independent efforts
C) An organized effort to gather information about HYPERLINK "http://en.wikipedia.org/wiki/Markets" \o "Markets" markets or customers
D) An assessment of the strengths and weaknesses of current and potential HYPERLINK "http://en.wikipedia.org/wiki/Competition_%28economics%29" \o "Competition (economics)" competitors

Question

Quizplus · Accepted Answer

A competitive edge refers to a particular characteristic or advantage that sets one firm apart from its competitors and makes it more attractive to customers. This advantage could be in the form of lower pricing, better quality, unique features, better customer service, or any other attribute that makes the firm stand out in the marketplace.

What Is a Competitive Edge