Question

A company can be said to have competitive advantage if: Select one: a. It has a different value chain than rivals b. It has some type of edge over rivals in attracting customers and coping with competitive forces c. It earns the largest profit in the industry d. It has more resource strengths than weaknesses

Answer 1

b. It has some type of edge over rivals in attracting customers and coping with competitive forces

Step-by-step explanation:

A firm can have competitive advantage if it produces at a lower cost than its competitors and thus the firms' goods are priced lower and this attracts customers.

a firm can also have a competitive advantage if the quality of its own good is higher than that of its competitors and this increases patronage for the firms goods.