Uncover Your Competitive Advantage in the Global Market
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Questions and Answers

What is a key factor in succeeding in any market, particularly globally?

  • Understanding your competitive advantage (correct)
  • Offering the lowest price
  • Focusing on marketing strategies
  • Expanding product range

    • Which of the following is NOT recommended as a competitive advantage?

  • Market customization
  • Reliability
  • Service support
  • Lowest price (correct)

    • What are examples of advantages that differentiate a product or service from the competition?

  • Lowest price and cost
  • Expanding product range and promotional support
  • Reliability and service support
  • Market customization and financing models (correct)

    • What should be the focus when defining a competitive advantage for a product or service?

    <p>Creating value and reliability</p> Signup and view all the answers

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