What is a capacity or quality called that an organization has,which gives it an edge over its competition?
A)core competency
B)competitive advantage
C)business strategy
D)productivity edge

Question

Quizplus · Accepted Answer

Competitive advantage is the capacity or quality that sets an organization apart from its rivals and gives it an edge in the marketplace. This can include factors such as lower costs, superior product quality, stronger brand recognition, or more efficient processes. By leveraging their competitive advantage, organizations can attract and retain customers, increase market share, and ultimately achieve higher profitability. Core competency is also closely related to competitive advantage, as it refers to the unique skills and abilities that an organization possesses which contribute to its success. However, competitive advantage is the broader concept that encompasses a range of factors beyond just core competencies. Business strategy and productivity edge are important considerations for organizations, but they are not specific terms used to describe a competitive advantage.

What Is a Capacity or Quality Called That an Organization