Answered: The essence of competitive advantage is…

The essence of competitive advantage is the ability of a country to produce a better product or similar one but at a lower cost than the other countries. True False

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The essence of competitive advantage is the ability of a country to produce a better product or similar one but at a lower cost than the other countries.

True

False

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