A competitive advantage has been established when

Question

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A competitive advantage is established when customers perceive the variation or differentiation as important and its value exceeds the cost of providing differentiation. In other words, the organization has found a way to deliver something unique or better than its competitors, that customers are willing to pay for, and that the cost of providing that differentiation does not impair profitability. Option B is not true because a high-cost strategy cannot inherently increase customer value, and it doesn't minimize customer sacrifices. Option C is also incorrect as dropping a low-profit item from the product line doesn't necessarily establish competitive advantage.

A Competitive Advantage Has Been Established When