The ability of one organization to outperform other organizations because it produces desired goods or services more efficiently and effectively than its competitors is known as its ________.
A) competitive advantage
B) strategy
C) absolute advantage
D) goal

Question

Quizplus · Accepted Answer

Competitive advantage is the ability of one organization to outperform other organizations because it produces desired goods or services more efficiently and effectively than its competitors. The four building blocks of competitive advantage are superior efficiency, quality, innovation, and responsiveness to customers.

The Ability of One Organization to Outperform Other Organizations Because