Question

organizations can gain competitive advantage simply by matching their competition in terms of cutting cost and responsiveness to employees true or false?

Answer 1

False. cutting cost will move the business closer to having a competitive advantage but it is more involved then that. they also need something that sets them apart from the competition, something that the competition doesn't offer such as personalized service. a different product, or even a better atmosphere. they also need to stay focused on their costumer. can the costumer find a employee when they need help? is the layout of the store organized in a manner that makes sense? all of these factors go into competitive advantage

Answer 2

True, all business live on competition. Whatever other's may have they compete to make theirs better than the other to make a profit