What Is a Competitive Advantage

question 29

Multiple Choice

What is a competitive advantage?

• A)A product that an organisation'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 organisation'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:

Psychological Factor

Refers to aspects of an individual's psychological state, such as motivation, personality, or emotion, influencing their behavior.

Dysfunctional Leaders

describes leaders who negatively impact their organization or team through destructive behaviors, poor decision-making, or inability to manage relationships effectively.

Followership Literature

Academic and professional discussions and writings on the role, behaviors, and types of followers in the leadership dynamic.

Ritualistic Groups

Groups that follow repetitive and symbolic practices or ceremonies, often as part of their tradition or culture.