The origin of competitive advantage lies in the ability to identify and respond to environmental change well in advance of competition.

Question

Quizplus · Accepted Answer

This statement is true. The ability to recognize and adapt to market changes before competitors can provide a company with a competitive advantage. Being able to respond quickly and accurately to changes in the business environment can mean the difference between success and failure for a company. Companies that can leverage their competitive advantage can gain market share, increase profits, and stay ahead of their competitors.

The Origin of Competitive Advantage Lies in the Ability to Identify