Building competitive advantage entails   A) finding effective and efficient ways to strengthen the company's competitive assets.   B) delivering superior value to buyers by performing value chain activities in ways that rivals cannot readily match.   C) achieving lower costs than rivals and becoming the industry's sales and market share leader.   D) building a brand name image that buyers trust.   E) getting in the best strategic group and dominating it.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Building competitive advantage entails
 
A) finding effective and efficient ways to strengthen the company's competitive assets.
 
B) delivering superior value to buyers by performing value chain activities in ways that rivals cannot readily match.
 
C) achieving lower costs than rivals and becoming the industry's sales and market share leader.
 
D) building a brand name image that buyers trust.
 
E) getting in the best strategic group and dominating it.
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In todays, highly competitive business environment, building a competitive advantage is essential for the success of any organization. A competitive advantage is a unique advantage that allows a company to outperform its competitors and achieve superior performance.

 

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