The distinct competency of a retailer relative to its competitors is referred to as _____.
A)economies of scale
B)its cost advantage
C)a focused strategy
D)its competitive advantage

Question

Quizplus · Accepted Answer

The distinct competency of a retailer relative to its competitors is referred to as its competitive advantage. This can come from various factors such as product uniqueness, superior customer service, efficient supply chain management, brand reputation, etc. This advantage sets the retailer apart from its competitors and gives it an edge in the marketplace.

The Distinct Competency of a Retailer Relative to Its Competitors