BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Excellent Quality of Product
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Higher Profit
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Lesser innovation
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Bad customer service
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Detailed explanation-1: -Which of the factors below will enable an organisation to obtain Competitive Advantage? An organisation doing things to please its customers. Planning to achieve sustainable competitive advantage. management’s plan to make a profit with the chosen strategy.
Detailed explanation-2: -Competitive advantages are attributed to a variety of factors including cost structure, branding, the quality of product offerings, the distribution network, intellectual property, and customer service.
Detailed explanation-3: -The four primary methods of gaining a competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances.
Detailed explanation-4: -There are three main types of sustainable competitive advantage: differentiation, cost leadership, and focus advantage.