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goldfiish [28.3K]
3 years ago
12

Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. The

se unique qualities have helped the company generate revenues that are consistently higher than other firms in the same industry. Which of the following can be concluded about Revved Rider Inc. from this scenario?
a) It has a direct investment in the other firms.
b) It has a competitive advantage over the other firms.
c) It has an exchange relationship with the other firms.
d) It has competitive parity with the other firms.
Business
1 answer:
Eddi Din [679]3 years ago
5 0

<u>Answer:</u> Option B

<u>Explanation:</u>

Revved Rider company is the market leader as the company possess a superior engine technology that is not owned by other companies. This proves that the company has competitive advantage of technology over the competitors in the market.

Competitive advantage means having an advantageous quality which the other companies do not have in the market. When a company has competitive advantage it can become a price leader or market leader. It also becomes the consumer's most preferred company when compared to other companies.

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It may lead to groupthink.

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Collaborative business message writing has to do with when a group of people creates a project or business message together rather than doing it individually.

Groupthink describes when a group sets asides their personal belief to get a consensus within a group and this can lead to bad decisions as members of the group can sidestep problems in order to fit into a group's decisions.

The clarity of the message can be affected because the different members of the group all have different ideas and would try to sacrifice some of their ideas for the group.

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Answer:

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If the market research survey is available for $10,000.

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