Powerful companies, whether large or small, gain power when satisfying customer needs and wants better than their competitors.

Question

Quizplus · Accepted Answer

This statement is true. Companies gain power and success by satisfying their customers' needs and wants better than their competitors. This is the essence of competitive advantage, and it is what drives companies to innovate and improve their products and services.

Powerful Companies, Whether Large or Small, Gain Power When Satisfying