What Is a Competitive Advantage

question 109

Multiple Choice

What is a competitive advantage?

• A) A product that an organization's customers place a lesser value on than similar offerings from a competitor.
• B) A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier.
• C) A service that an organization's customers place a lesser value on than similar offerings from a supplier.
• D) A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors.

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Definitions:

Prestige

The respect, admiration, or distinction accorded to someone or something based on perceived success or quality.

Controversial Topics

are subjects that provoke strong and often divided opinions, making them the subject of ongoing debate or discussion.

Third-party Intervention

Involves the involvement of an external party in a conflict or dispute to help resolve it or provide mediation.

Negotiation Process

The series of actions or steps taken by parties with the aim of reaching an agreement.