What is a competitive advantage?
A)A product that an organisation's customers place a lesser value on than similar offerings from a competitor.
B)A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier.
C)A service that an organisation's customers place a lesser value on than similar offerings from a supplier.
D)A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors.

Question

Quizplus · Accepted Answer

Competitive advantage is a feature of a product or service that is valued more by customers than similar offerings from competitors. It gives the company an edge over its competitors in the market.

What Is a Competitive Advantage