A company achieves a competitive advantage when it
A)provides buyers with superior value compared to rival sellers or offers the same value at a lower cost.
B)has a profitable business model.
C)is able to maximize shareholder wealth.
D)is consistently able to achieve both its strategic and financial objectives.
E)has a strategy well-matched to its business model.

Question

Quizplus · Accepted Answer

A competitive advantage is achieved when a company provides buyers with superior value compared to rival sellers or offers the same value at a lower cost. This can be done through various means such as offering better quality products, superior customer service, or more efficient supply chain processes. A profitable business model, maximizing shareholder wealth, and achieving strategic and financial objectives are all important goals, but they are not necessarily indicative of a competitive advantage. Having a strategy well-matched to its business model is also important, but it is not the only factor that contributes to a competitive advantage.

A Company Achieves a Competitive Advantage When It