What Is a Competitive Advantage

question 36

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 product or service that an organization's customers value more highly than 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 product or service that an organization's customers place a greater value on than similar offerings from a competitor

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Definitions:

Web-Based Surveys

Surveys distributed and completed over the internet, allowing for easier data collection and broader participant reach.

Generalizable

The extent to which research findings from a study can be applied to broader populations or different contexts.

Friends Recommend

The process of suggesting services, products, or behaviors to others based on personal experience or satisfaction.

Random Sampling

A technique for selecting a sample of participants for a study where each member of the population has an equal chance of being chosen.