A sustainable competitive advantage is gained when a company
A)has durable competitive assets that are central to its strategy and superior to those of rival firms.
B)has sufficient resources to expedite its strategy.
C)realizes its inherent weaknesses are transformable to advantages.
D)can stand out relative to rivals because of resource utilization.
E)has resources in well-populated geographical locations.

Question

Quizplus · Accepted Answer

A sustainable competitive advantage is gained when a company has durable competitive assets that are central to its strategy and superior to those of rival firms. These assets could be patents, brand recognition, unique capabilities, or an extensive distribution network. Having these assets allows a company to differentiate itself from its competitors and create barriers to entry, making it more difficult for new players to enter the market. This results in long-term profitability and growth for the company.

A Sustainable Competitive Advantage Is Gained When a Company