Which of the following statements is most correct?
A) KSFs are often necessary, but not sufficient for competitive advantage.
B) KSFs are often sufficient, but not necessary for competitive advantage.
C) KSFs are neither necessary nor sufficient for competitive advantage.
D) KSFs are both necessary and sufficient for competitive advantage.
E) None of these statements are correct.

Question

Quizplus · Accepted Answer

Key success factors (KSFs) are critical factors that a company must excel in to be successful in a particular market or industry. While excelling in KSFs can position a company for competitive advantage, it is not always sufficient. Other factors such as market conditions, competitor actions, and overall business strategy also play a role in achieving a competitive advantage. Therefore, option A is the most correct statement.

Which of the Following Statements Is Most Correct