A product's low price can provide a company with a sustainable competitive advantage.

Name: A product's low price can provide a company with a sustainable competitive advantage.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

A low price alone is not typically a sustainable competitive advantage because competitors can often lower their prices as well, eroding the advantage. Sustainable competitive advantages are more often derived from unique resources, high levels of service, brand reputation, technological innovation, or network effects.

A Product's Low Price Can Provide a Company with a Sustainable