The key to maintaining competitive advantage, according to Dr. W.E. Deming is:
A)being committed to constant improvement.
B)being first to market with all products.
C)outsourcing key components.
D)challenging all market leaders.
E)stressing low-price advantage in all areas.

Question

Quizplus · Accepted Answer

Dr. W.E. Deming believed that the key to maintaining competitive advantage is to be committed to constant improvement. This involves continuously improving processes, products, and services in order to meet changing customer needs and stay ahead of the competition. Focusing on this strategy helps businesses to stay relevant and competitive in a rapidly changing marketplace.

The Key to Maintaining Competitive Advantage, According to Dr