How does the information found in the assessment of competitive strength and identification of competitive advantages help a company?
A)It helps in expanding their market.
B)It can bring in more value to the customer through differentiation.
C)It can help in marketing.
D)It allows a company to follow along in the same steps as its competition.

Question

Quizplus · Accepted Answer

The information found in the assessment of competitive strength and identification of competitive advantages helps a company by enabling it to differentiate itself from its competitors, which can bring in more value to the customer. This can then lead to increased market share and ultimately expand its market. Additionally, this information can inform a company's marketing strategy, allowing it to more effectively reach its target audience. Following in the same steps as its competition is not a desirable outcome and is unlikely to lead to a sustainable competitive advantage.

How Does the Information Found in the Assessment of Competitive