The Key Result of Achieving a Competitive Advantage Is

question 81

Multiple Choice

The key result of achieving a competitive advantage is:

• A) an ability to establish a monopolistic market position.
• B) an ability to sidestep government regulations.
• C) an ability to dictate consumer needs and preferences.
• D) an ability to drive the competition out of business and to make extraordinarily high profits.
• E) an ability to consistently do something of high value that one's competitors cannot replicate or do as well.

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Definitions:

Product Launch

The introduction of a new product into the market, involving promotional strategies to create awareness and sales.

Product Life Cycle

The progression of a product through several stages from introduction to growth, maturity, and decline.

Trialability

The extent to which a new product or service can be experimented with on a limited basis before making a purchase decision.

Product Life Cycle

The progression of a product through different stages from introduction to growth, maturity, and eventual decline in the market.