Firms that generate less economic value than their rivals experience a competitive
A) advantage.
B) parity.
C) disadvantage.
D) perceived benefit.

Question

Quizplus · Accepted Answer

Firms that generate less economic value than their rivals experience a competitive disadvantage as they are unable to compete effectively in terms of pricing, quality, or innovation, which results in lower profits and market share.

Firms That Generate Less Economic Value Than Their Rivals Experience