Asked by Katelyn Smith on May 13, 2024
Verified
The superior position a product enjoys over competing products if consumers believe it has more value than other products in its class is referred to as ________ ________.
Competitive Advantage
An attribute that allows an organization to outperform its competitors, such as superior products, cost structures, or customer service.
- Acknowledge the significance of ethical factors and the necessity for a product's design to conform to safety, manufacturing, and financial viability standards.
Verified Answer
FM
Learning Objectives
- Acknowledge the significance of ethical factors and the necessity for a product's design to conform to safety, manufacturing, and financial viability standards.