Competitiveness relates to the profitability of an organization in the marketplace.

Question

Quizplus · Accepted Answer

Competitiveness relates to the ability of an organization to offer products or services that meet the quality standards of the local or global markets at prices that are competitive while ensuring sustainable returns. It's more about the organization's position in the market relative to its competitors, rather than directly about profitability.

Competitiveness Relates to the Profitability of an Organization in the Marketplace