Which of these statements best describes a major competitive advantage for profit-oriented firms in contrast to nonprofit institutions?

Question

Quizplus · Accepted Answer

Profit-oriented firms have the flexibility to target and serve specific market segments they find desirable or profitable, unlike nonprofit institutions which often have a broader mission to serve a wider community without the primary goal of making a profit. This ability to focus on desirable market segments can be a significant competitive advantage.

Which of These Statements Best Describes a Major Competitive Advantage