The banking industry has implemented several competitive advantages,including ATMs,online bill-pay services,and electronic statements.Of course,these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry.These were all examples of ___________ competitive advantages.
A) acquiring new technology products and services
B) hiring new employees
C) reducing expenses
D) gaining invaluable feedback from customers

Question

Quizplus · Accepted Answer

The banking industry has utilized competitive advantage by offering ATMs, online bill-pay services, and e-statements.All of these are examples of ways they duplicated each other by acquiring new technology products and services.

The Banking Industry Has Implemented Several Competitive Advantages,including ATMs,online Bill-Pay