According to your textbook, two key components of corporate profitability are 1) industry structure and 2) ________________.
A) Technological adaptability
B) IT proficiency
C) Competitive advantage
D) Corporate management style

Question

Quizplus · Accepted Answer

Competitive advantage is the second key component of corporate profitability according to the textbook. It refers to a company's ability to differentiate itself from its competitors and offer unique value to its customers. This can include factors such as product quality, customer service, pricing strategy, and brand recognition. Companies with a strong competitive advantage are often able to achieve higher profits and market share.

According to Your Textbook, Two Key Components of Corporate Profitability