Asked by Abdulrahman Al-Husseini on Sep 28, 2024
When identifying competitive advantages,comparisons made between a firm and its strongest competitors should be based on ________.
A) managerial inputs
B) customer opinions
C) industry analysts
D) expert reviews
Competitive Advantages
Benefits or attributes that allow an organization to outperform its competitors, such as superior quality, lower costs, or unique technology.
Managerial Inputs
Managerial Inputs refer to the guidance, decisions, and actions contributed by managers to the planning, execution, and control of business activities.
Customer Opinions
Feedback and perspectives from users or buyers about a product or service, typically used to improve offerings or understand market needs.
- Understand the basic concepts of competitive advantages and how firms identify them.
Learning Objectives
- Understand the basic concepts of competitive advantages and how firms identify them.
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