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
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.
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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.
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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.
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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.
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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.
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