Anything that gives a firm a lead over its rivals is called ________.
A)economies of scale
B)business growth
C)break-even
D)competitive advantage

Question

Quizplus · Accepted Answer

A competitive advantage refers to any factor that allows a firm to outperform its rivals such as having a superior product or offering lower prices. Economies of scale and business growth are factors that can contribute to a competitive advantage, but they are not the definition of a competitive advantage. Break-even is a term used to describe when a company's revenue equals its expenses.

Anything That Gives a Firm a Lead Over Its Rivals