Question

To survive and​ prosper, a business must gain and sustain​ ______ major competitive advantages over rival firms. A. as many as one hundred B. one C. at least several D. two E. at least fifteen

Answer 1

Answer:

C. at least several

Explanation:

Competitive advantage refers to a favorable situation or position a business enjoys over it's competitors owing to it's specialization or strength in performing a specific operation.

For example, in case of telecommunication, one company's competitive advantage could be superior network coverage with lower call drops than it's competitors.

In order to survive and grow, a business should try and gain competitive advantages in at least several fields and yet at the same time retain and maintain those competitive advantages over a period.