What is the BEST evidence that a firm has a competitive advantage? Group of answer choices...

What is the BEST evidence that a firm has a competitive advantage?

Group of answer choices

The firm’s brand is better known than competing brands for the last three years.

The firm has greater profits per product sold than competitors over the last three years.

The firm’s stock valuation is higher than competitors for the last three years.

The firm has grown faster than competitors over the last three years.

Expert Solution

All the options given are correct.

Considering the above question, all the options given can be considered as the evidence that a competitive advantage over the competitor or rivalries.

The first option given the firms brand is better known than the competitor brands is an evidence that the firm has competitive advantage over the other firms.A firm is said to have competitive advantage over the other competitive products when it can produce a better or cheap product than the other competitors.Comparitive advantage and differential advantage are the main two types of competitive advantage.When a firms brand is better known than the other competition brands it implies that the firm is producing a better quality product or a cheaper product to attract more consumers and hence it has created a brand of their own.

The second option given is also an evidence that the firm has a competitive advantage over other firms.The firms is said to have more competitive advantage than the other firms when it has more profit than its competitors.When a firm is able to produce more better product than its competitors it will attract more consumers and will earn more profits.

The last two options also provides evidence that the firms has competitive advantage than its competitors.A better stock valuation represents better return of the firms than its competitors.If a firm has grown faster than its competitors it means that the firms are able to provide either a cheaper pr a better quality of goods and services to the consumers and this promoted the growth of the firms faster than the competitor firms.

Thus all the options given are evidences that a firm has better competitive advantage than other firms.

Rahul Sunny answered 2 years ago

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