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Management · Q244

Strategic Management

Graduate and Post Graduate · Management · question 244

Q244

___________arises when a firm is able to perform an activity that is distinct from competitors

A.
competitive advantage
Answer
B.
focus
C.
cost leadership
D.
logic

Answer: Option A

Solution

Answer: Option A
Solution:
Competitive advantage arises when a firm is able to perform an activity that is distinct from competitors. Competitive advantage refers a company's ability to outperform rivals due to unique, high demand, or superior quality products or services.