Lynx Inc., a startup firm, has been trying to sell its product to customers. However, the customers do not perceive any value in the product and neither do they find it unique in any way. Lynx Inc. also does not have proper systems and processes that can help in auditing and retaining the profits created by their employees. The company has drained its funds in the process, but it has not been able to successfully establish itself in the market. As a result, the firm has not been successful to its stakeholders. Ultimately, the board of directors at Lynx Inc. decides to shut it down completely. This scenario best exemplifies __________.
A)competitive advantage
B)competitive parity
C)competitive success
D)competitive failure

Question

Quizplus · Accepted Answer

The scenario describes a startup firm that has failed to create any competitive advantage or even achieve competitive parity, resulting in failure. Therefore, the best choice is D, competitive failure.

Lynx Inc, a Startup Firm, Has Been Trying to Sell Its