The Two Most Prominent Sources of Competitive Advantage for a Business

question 44

Multiple Choice

The two most prominent sources of competitive advantage for a business are:

• A) Integration and coordination
• B) Cost and differentiation
• C) People and products
• D) Products and services

---

Definitions:

Opportunity Spaces

Areas or niches within markets or industries where unmet needs present potential for new business or product development.

Wicked Problems

Complex issues that are difficult to solve because of incomplete, contradictory, and changing requirements that are often hard to recognize.

Predetermined

Established or decided in advance, often before the occurrence of an event or the taking of an action.

Enterprising Nonprofits

Nonprofit organizations that adopt entrepreneurial methods to generate revenue for their social missions.