Not yet answered Points out of 1.00 p Flag question The four factors that form competitive advantage are Select one: a. product, price, promotion, and place b. product, place, politics, and price c. product, packaging, promotion, and price d. product, price, promotion, and public opinion

When considering competitive advantage, it's crucial to think about how each factor can be optimized. For example, developing a unique product that meets customer needs can set a business apart from its competitors, allowing for increased customer loyalty and potentially higher pricing power. In the world of marketing, understanding the four Ps—product, price, promotion, and place—can guide businesses in crafting strategies that not only attract customers but also retain them. By focusing on each element, organizations can adapt to market changes and create irresistible offers.