The identification by a firm of its sources of competitive advantage is critical because:
A)A firm can reduce its costs
B)A firm can organize its activities differently
C)A firm can increase its profitability
D)To continue successfully it is essential that a firm understands why it wins profitable business.

Question

Quizplus · Accepted Answer

Identifying sources of competitive advantage helps a firm understand why it is successful in gaining profitable business, which is essential for continued success. While reducing costs, organizing activities differently, and increasing profitability are all potential benefits of identifying competitive advantages, they are not the primary reason for doing so.

The Identification by a Firm of Its Sources of Competitive