Which of the following best describes competitive parity?
A)When a company survives but has no real competitive advantage over rivals
B)When firms that can't create value for their stakeholders don't survive
C)When firms combine the legal, administrative, and cultural elements to produce an inimitable product
D)When firms introduce valuable products that are also unique and rare

Question

Quizplus · Accepted Answer

Competitive parity refers to when a company survives but has no real competitive advantage over rivals. This means that the firm is able to stay in business and compete with others, but does not have any unique or superior features that set it apart.

Which of the Following Best Describes Competitive Parity