The ability to offer greater value than one's competitors is called which of the following?
A) quality
B) reduction in the price charged
C) competitive advantage
D) qualitative advantage

Question

Quizplus · Accepted Answer

Competitive advantage refers to the ability of a company or entity to produce goods or services more effectively than its competitors, thereby offering greater value to customers. This can be achieved through various means such as lower prices, higher quality, unique features, or superior service.

The Ability to Offer Greater Value Than One's Competitors Is