Competitive advantage can be defined as: Group of answer choices A firm’s ability to establish market leadership. A firm’s ability to grow faster than its competitors. A firm’s potential to earn a rate of profit that is persistently higher than its rivals. A firm’s potential for launching innovative new products.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Competitive advantage can be defined as:
Group of answer choices
A firm’s ability to establish market leadership.
A firm’s ability to grow faster than its competitors.
A firm’s potential to earn a rate of profit that is persistently higher than its rivals.
A firm’s potential for launching innovative new products.
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