Asked by Sarah Boktor on May 21, 2024

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To build a sustainable competitive advantage, companies should focus on a single strategy.

Competitive Advantage

The edge a business has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

  • Absorb the understanding and relevance of enduring competitive superiority in prolonged financial performance.
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SS
Surinder SamraMay 22, 2024
Final Answer :
False
Explanation :
Building a sustainable competitive advantage involves developing multiple strategies and capabilities that work together harmoniously to create a unique position in the market that is difficult for competitors to imitate. Focusing on a single strategy may leave a company vulnerable to disruptions or shifts in the market, making it harder to maintain a competitive edge over time.