The Valuable Asset of Firms, Whose Competitive Advantage Is Based

question 64

Multiple Choice

The valuable asset of firms, whose competitive advantage is based on management know-how, is their

• A) top management staff.
• B) USP.
• C) advertisements.
• D) brand name.

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Definitions:

Differentiation Strategy

A business approach where a company aims to stand out in its industry by offering unique products or services compared to its competitors.

Global Fashion Leaders

Refers to companies, designers, or brands with significant influence on international fashion trends and markets.

Fashion Shows

Events organized to showcase new clothing designs from one or more fashion designers to the public, media, and industry insiders.

Low-Cost Strategy

A business strategy that aims to gain a competitive advantage by reducing operational costs below those of competitors.