A firm can be said to have competitive advantage when it has higher stock market valuations than its competitors.

Question

Quizplus · Accepted Answer

Competitive advantage is defined as the ability of a firm to outperform its competitors in terms of profitability or other financial metrics, which can result in higher stock market valuations. Therefore, a firm with higher stock market valuations compared to its competitors is likely to have a competitive advantage.

A Firm Can Be Said to Have Competitive Advantage When