To create a competitive advantage through superior efficiency, an organization must
A)make products that are much more reliable than other available products in the market.
B)reduce the number of inputs it requires to produce a given amount of outputs.
C)use technology to make its product unique and different than other products in the market.
D)conduct surveys to determine whether a product will be successful in the market.
E)create products that will attract customers and charge a premium price for those products.

Question

Quizplus · Accepted Answer

Superior efficiency is achieved by reducing the number of inputs required to produce a given amount of outputs, thereby lowering costs and increasing productivity.

To Create a Competitive Advantage Through Superior Efficiency, an Organization