___ is especially important in the demanding global economy because nowhere in the world can managers rest on past successes and ignore what others are doing, either at home or abroad.
A) Core advantage
B) Market advantage
C) Strategic advantage
D) Competitive advantage
E) Management advantage

Question

Quizplus · Accepted Answer

Competitive advantage is important in the demanding global economy because it ensures that businesses are able to differentiate themselves from their competitors and consistently provide better value to their customers. In the global economy, businesses cannot ignore what others are doing and must strive to continuously improve and innovate in order to maintain their competitive advantage.

___ Is Especially Important in the Demanding Global Economy Because