The concept of ________ is the ability of a firm to provide value to customers that exceeds what competitors can provide.
A) strategic management
B) distinctive competence
C) competitive advantage
D) core competence

Question

Quizplus · Accepted Answer

Competitive advantage is the ability of a firm to provide value to customers that exceeds what competitors can provide. Strategic management refers to the process of formulating and implementing strategies to achieve organizational goals. Distinctive competence refers to a unique strength or advantage that a firm possesses that sets it apart from competitors. Core competence refers to a specific set of skills or expertise that a company possesses and can use to create and deliver value to customers. While all of these concepts may be related and important in business, only competitive advantage directly addresses the ability to provide greater value than competitors.

The Concept of ________ Is the Ability of a Firm