An example of ________is when an organization possesses a characteristic that sets itself apart from competitors and gives the firm a distinctive edge.

Question

Quizplus · Accepted Answer

A competitive advantage is when an organization possesses a characteristic that sets itself apart from competitors giving them a distinctive edge. Legal propriety deals with the legality of something, core competency refers to the unique abilities and strengths of an organization, and competitive power is not a commonly used term in business strategy.

An Example of ________Is When an Organization Possesses a Characteristic