Which of the following examples displays a firm with a competitive advantage achieved through quality?
A) An organization that is famous for its durable products
B) A corporation that reduces its expenses by finding new production processes
C) A firm that delivers goods and services faster than its competitors
D) An organization that gains profits by charging less prices
E) A company that tailors its goods and services to fit consumer needs and preferences

Question

Quizplus · Accepted Answer

A firm that is famous for its durable products implies that the firm has achieved a competitive advantage through quality as their products are long-lasting and reliable, which sets them apart from competitors.

Which of the Following Examples Displays a Firm with a Competitive