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Which statement regarding competitive advantages is true?

Attaining multiple types of competitive advantage is a recipe for failure.
In the long run, a business with one or more competitive advantages is probably destined to earn normal profits.
If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.
With an overall cost leadership strategy, firms need not be concerned with parity on differentiation.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)
If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.

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