Which of the following best defines the term "sustainable competitive advantage"?
A) It is the ability to outperform rivals in ways that are difficult or costly to imitate.
B) It is the ability to formulate technology to gain market exposure.
C) It is the ability to focus organizational energies on a unifying and compelling goal.
D) It is the ability to formulate strategies efficiently to accomplish long-term goals.
E) It is the ability to identify the setbacks in the organizational procedure and work towards correcting them.

Question

Quizplus · Accepted Answer

A sustainable competitive advantage is when a company has an edge over its competitors that cannot be easily duplicated or surpassed. This could include things like a strong brand reputation, proprietary technology, or unique distribution networks. Option A best defines this concept as it highlights the difficulty or high cost of imitating the advantage.

Which of the Following Best Defines the Term "Sustainable Competitive