AS1 Competitive Advantage in Business

AS1 Competitive Advantage in Business

11th Grade

10 Qs

quiz-placeholder

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AS1 Competitive Advantage in Business

AS1 Competitive Advantage in Business

Assessment

Quiz

Others

11th Grade

Practice Problem

Easy

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Rathmorebus Rathmorebus

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of competitive advantage in business?

A temporary advantage that lasts for a few days or weeks.

A sustainable advantage that can be maintained over time.

An advantage that is based solely on price reductions.

An advantage that is only relevant in local markets.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is known for dominating many e-commerce segments globally?

IKEA

Nike

Amazon

Google

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the home furnishings market does IKEA hold in many countries?

10%

20%

30%

40%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the UK, what percentage of online web searches are conducted using the Google search engine?

50%

70%

80%

90%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What fraction of running shoes sold in the US are Nike shoes?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of a competitive advantage?

It is sustainable.

It is temporary.

It provides a business with an edge over competitors.

It can be maintained over time.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for businesses to have a competitive advantage?

To increase short-term profits.

To ensure long-term success and market leadership.

To reduce operational costs.

To focus solely on local markets.

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