As the owner of a local housecleaning business that is trying to achieve a sustainable competitive advantage, you most likely would not

A. have better prospects to win in the marketplace and to earn superior long-term profits relative to rivals.
B. utilize copycat product offerings or similar maneuvers as rivals to stake out the same market position.
C. have some distinctive strategic element that draws in customers and produces a competitive edge.
D. persist in competing differently, despite the best efforts of competitors to match or surpass this advantage.
E. give buyers lasting reasons that competitors are unable to nullify or overcome despite their best efforts.


Ans: B. utilize copycat product offerings or similar maneuvers as rivals to stake out the same market position.

Because, if you are a owner of local housecleaning business and want to overcome from rivals to achieve some long term profit in that particular field, then you have to work with some distinctive strategic element and do something differently from your rivals. you have to prove your customers that you're services are best from others. you have to offer better services on same price so the customers attract towards you.

If you utilize copycat product or do things like other then you are same as other. and customers feel that you are your services is not differ from others. so they will not utilize your services and you will unable to get any profit.

the remaining option are incorrect because if you do something different and better than others, then your chance of enjoying market benefits are increase.

Economics

You might also like to view...

Which of the following weakens government control in the marketplace?

(A) Predatory pricing. (B) Deregulation. (C) Regulation of businesses. (D) Antitrust legislation.

Economics

A change in which of the following variables will cause a shift of the IS curve in the current period?

A) the current interest rate B) current output C) current taxes D) all of the above E) none of the above

Economics

Which of the following situations describing a resource allocation method most resembles the force method?

A) Seventy percent of Austin's chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets. B) Lattes are sold at Starbucks. C) Food from the Weld County Food Bank is distributed to families in need. D) Mandy saved her allowance to buy a 12 pack of cream soda. When Mandy's brother saw the soda, he took four. E) Jose works at Intel. His manager tells him what work needs to be completed each month.

Economics

What do economists mean when they discuss "scarcity"?

What will be an ideal response?

Economics