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Management · Q267

Management Information System (MIS)

Graduate and Post Graduate · Management · question 267

Q267

Developing Products, Services, or Process that give a Company a Superior Business Position is termed as _________________.

A.
Monopoly
B.
Top Performance
C.
Productivity
D.
Competitive Advantage
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Developing Products, Services, or Process that give a Company a Superior Business Position is termed as Competitive Advantage. Competitive advantage is the leverage a business has over its competitors. This can be gained by offering clients better and greater value. Advertising products or services with lower prices or higher quality piques the interest of consumers. Target markets recognize these unique products or services.