The term ____ describes the way in which an organization uses resources to give it a major edge over its competitors.
A) strategic value
B) tactical value
C) competitive advantage
D) comparable advantage

Question

Quizplus · Accepted Answer

Competitive advantage refers to the methods and resources that an organization uses to distinguish itself from competitors and gain a superior position in the market. It can be achieved through a variety of factors, such as lower costs, superior product or service quality, unique features, or a strong brand image. This advantage can help a company to attract and retain customers while increasing profitability and market share. Strategic value and tactical value are related concepts, but they do not encompass the same scope as competitive advantage. Comparable advantage is not a commonly used term in management or economics.

The Term ____ Describes the Way in Which an Organization