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Discuss the Concept of Competitive Advantage and Explain How Quality

question 80

Essay

Discuss the concept of competitive advantage and explain how quality is a competitive advantage.


Definitions:

Reward System

A structured plan designed to motivate and recognize employees' performance, often including financial and non-financial rewards.

Persistence

The ability to continue steadfastly or firmly in some purpose, course, or task, despite difficulties or obstacles.

Direction of Attention

The management and focus of cognitive resources on specific stimuli while ignoring others, crucial for effective task performance.

Efforts

Initiatives or exertions of physical or mental energy towards achieving specific objectives.

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