Knowee
Questions
Features
Study Tools

Competitive Advantage is normally obtained by leading in one of the following exceptSelect one:a.Product differentiationb.Mass sellingc.Low cost

Question

Competitive Advantage is normally obtained by leading in one of the following exceptSelect one:a.Product differentiationb.Mass sellingc.Low cost

🧐 Not the exact question you are looking for?Go ask a question

Solution

The correct answer is b. Mass selling.

Competitive advantage is typically achieved through product differentiation (a), where a company makes its product or service unique and attractive to consumers in comparison to its competitors. This can be done through various means such as superior design, customer service, or branding.

Low cost (c) is another way to gain a competitive advantage. If a company can produce and sell its product or service at a lower cost than its competitors, it can attract price-sensitive customers and increase its market share.

Mass selling (b), however, is not typically a source of competitive advantage. While it can help to increase sales volume, it does not necessarily lead to a unique advantage over competitors. Other companies can also engage in

This problem has been solved

Similar Questions

4.Two determinants of competitive advantage are known as :  A. Target market and competition  B. Product and competition  C. Target market and distributors  D. Distributors and competition

Superiority in competitive advantage refers to all of the following factors EXCEPT:Question 1Select one:a.Low costb.Customer servicec.Product qualityd.Unique style

Which of the following is an unfair competitive advantage?Group of answer choicesbrand nameaccess to global marketslower product pricessuperior technology

Define the term ‘competitive advantage’. (Extract A, line 5)

What is competitive advantage and giveexamples?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.