An organization establishes a ___ when it has a core competency that sets it apart from its competitors and gives it an advantage over them in the marketplace.
A) core advantage
B) market advantage
C) competitive advantage
D) competency advantage
E) management advantage

Question

Quizplus · Accepted Answer

A competitive advantage is a core competency or unique aspect of an organization that sets it apart from its competitors and gives it an edge in the market. This can be in the form of proprietary technology, superior customer service, cost efficiencies, or other factors that make the organization more attractive to customers or investors. By leveraging its competitive advantage, an organization can achieve greater market share, profitability, and success.

An Organization Establishes a ___ When It Has a Core