If two enterprises sell the same product, what can create a competitive advantage?
Answer and explanation
Correct answer: Better quality, service, or a distinct value proposition
When the basic product is similar, customers may choose an enterprise because of better quality, reliable service, convenience, trust, or a distinctive benefit. Such differentiation creates competitive advantage. False information is unethical, ending communication weakens relationships, and unexplained identical pricing creates no meaningful advantage.
Frequently asked questions
What is the correct answer to this question?
Better quality, service, or a distinct value proposition
Why is this the correct answer?
When the basic product is similar, customers may choose an enterprise because of better quality, reliable service, convenience, trust, or a distinctive benefit. Such differentiation creates competitive advantage. False information is unethical, ending communication weakens relationships, and unexplained identical pricing creates no meaningful advantage.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
