Question

One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the best trade-off. Group of answer choices True False

Answer 1

Answer:

False

Explanation:

The five basic competitive dimensions are cost, quality, time, flexibility and innovation. If the company has greater control over these five thing, then it is more inclined towards the competitive advantage. Furthermore, the best trade off doesn't forms part of strategies that constitutes to competitive advantage.

Answer 2

Answer:

The statement is: False.

Explanation:

A competitive advantage is that one a firm has over its competitors. There are two different types of competitive advantage: comparative advantage refers to the ability of a business to manufacture a good or service at a lower cost; differential advantage is attributed to businesses when their goods or services are distinct from rivals because of certain unique features.

Thus, making optimal trade-offs has nothing to do with the competitive advantage of a firm.