Which of the following refers to the particular way a firm implements customer benefits that keeps the firm ahead of other firms in the market?
A)Industry analysis
B)Competitive advantage
C)Resource distribution
D)Value chain

Question

Quizplus · Accepted Answer

Competitive advantage refers to the unique way a firm differentiates itself from competitors and how it positions itself in the market. This could be achieved through various means such as offering high-quality products, lower prices, excellent customer service, or innovative technologies. Competitive advantage helps the firm to attract and retain customers, gain market share, and ultimately achieve sustainable growth.

Which of the Following Refers to the Particular Way a Firm