Knowee
Questions
Features
Study Tools

Which of the following is an unfair competitive advantage?Group of answer choicesbrand nameaccess to global marketslower product pricessuperior technology

Question

Which of the following is an unfair competitive advantage?

  • brand name
  • access to global markets
  • lower product prices
  • superior technology
🧐 Not the exact question you are looking for?Go ask a question

Solution

An unfair competitive advantage could be interpreted differently based on the context. However, in most cases, none of the options you provided (brand name, access to global markets, lower product prices, superior technology) are considered unfair. They are all legitimate competitive advantages that companies can leverage.

  1. Brand Name: A strong brand name is a powerful competitive advantage that can take years, even decades, to build. It's not unfair, it's a result of consistent quality, good marketing, and often, customer loyalty.

  2. Access to Global Markets: This is also not unfair. It's a result of good business strategy and operations. Companies that have the resources and strategies to expand globally have the advantage of reaching a larger customer base.

  3. Lower Product Prices: This can be a result of efficient production, economies of scale, or a strategic decision to penetrate a market. It's not unfair unless it's predatory pricing, which is illegal in many jurisdictions.

  4. Superior Technology: This is also a legitimate competitive advantage. Companies invest in research and development to create superior products or to improve their processes.

However, if a company has obtained any of these advantages through illegal or unethical means (like stealing technology or trade secrets, false advertising, etc.), then it would be considered an unfair competitive advantage.

This problem has been solved

Similar Questions

Which of the following is an unfair competitive advantage?Question 29Answera.brand nameb.lower product pricesc.access to global marketsd.superior technology

Competitive Advantage is normally obtained by leading in one of the following exceptSelect one:a.Product differentiationb.Mass sellingc.Low cost

The market for which item generally involves pure competition?

When firms maintain _______________ of product differentiation, they gain a competitive advantage.Select one:a.pricesb.creationc.reputationd.innovation

E-commerce has increased price competition in many markets.Group of answer choicesTrueFalse

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.