A characteristic necessary for competitive advantage is the ability to ______.

Question

Quizplus · Accepted Answer

Adding value to resources is a crucial characteristic for gaining a competitive advantage over other companies in the market. This means being able to offer customers something that they cannot get from other businesses, such as higher quality, lower costs, or unique features. By doing so, a company can attract more customers and establish itself as a leader in the industry. The other options, such as giving orders to employees or developing international contacts, may be helpful in some situations but do not necessarily lead to a competitive advantage on their own. Operating without attracting investment may be advantageous in certain cases, but it is not a necessary characteristic for gaining a competitive advantage.

A Characteristic Necessary for Competitive Advantage Is the Ability to ______