What is a competitive advantage?
A) A product that an organization'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 organization'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 refers to a feature or aspect of a product or service that customers find more valuable compared to what is offered by competitors, leading to a preference for the organization's offerings.

What Is a Competitive Advantage