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Friday, 03 April 2026
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What is a "competitive advantage"?

What is a "competitive advantage"?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The ability to produce at a lower cost than competitors
  • B The total revenue generated by a company
  • C The market share of a company
  • D The profitability of a company
  • E The size of a company's workforce
Correct Answer: Option A
Explanation:
A competitive advantage is the ability to produce goods or services at a lower cost or with unique features that give a company an edge over its competitors.

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