Belinda has found a business opportunity she believes will be successful, but there are already a couple companies in that mark

Question

2 years ago

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Belinda has found a business opportunity she believes will be successful, but there are already a couple companies in that mark

et. To be successful, Belinda will need to ________. A. write her mission statement B. patent her idea C. pursue a joint venture with them D. pinpoint a competitive advantage

Business

1 answer:

Pavel [41] · Answer 1 · 2022-07-12T07:46:14+03:00

Answer: Option D

Explanation: Competitive advantage refers to situation when an organisation gets favorable advantage in the market over its competitors.

In the given case, Belinda is trying to establish business in the industry which already has heavy competition. Therefore, if she wants to establish a customer base, she must need some competitive advantage so that she can operate with low profits initially.

Hence from the above we can conclude that the correct option is D.

Belinda has found a business opportunity she believes will be​ successful, but there are already a couple companies in that mark

Belinda has found a business opportunity she believes will be successful, but there are already a couple companies in that mark