The notion of competitive advantage means that:
a. a successful firm will stake out a position unique in some manner from its rivals
b. the advantage can be enjoyed only for a short period
c. a company manufactures products which are similar to those of its competitors.
d. an established firm focuses solely on developing a low-price competitive advantage

The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.

Explanation:

A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.

explanation:

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