ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following would not lead to a competitive advantage?
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If a business decided to open a new store in another area
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If a business was able to lobby the government to limit foreign competition
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If a business developed a product that was of superior quality than their competitors
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If a business moved their manufacturing plant overseas to take advantage of lower labour costs
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Explanation:
Detailed explanation-1: -The correct option is D) prospector Option d is correct because the prospection process does not lead to any competitive advantage.
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.
There is 1 question to complete.