A ________ is anything that gives a firm an edge over rivals in attracting customers and defending itself against competition.
A) cultural privilege
B) business bias
C) personal talent
D) competitive advantage
E) monopoly

Question

Quizplus · Accepted Answer

A competitive advantage is a unique attribute or set of attributes possessed by a firm that allows it to outperform its competitors. It gives the firm an edge by attracting customers and defending itself against the competition. Cultural privileges or personal talents may give an individual an advantage, but they are not relevant to a firm's competitive position, and a monopoly is a specific type of competitive advantage where a single firm dominates the market. Business bias is not a recognized term in this context.

A ________ Is Anything That Gives a Firm an Edge