When can a company achieve its competitive advantage? CQ (2 Points) () b. When a firm has ability to produce a good or service more efficiently than its competitors. O c. When its profitability is greater than the average profitability and profit growth of other companies competing for the different set of customers. ()d. When a firm's products or services differ from its competitors offerings and are seen as superior. O a. When its profitability is greater than the average profitability and profit growth of other companies competing for the same set of customers. What is the third component of the strategic making process? (1 Point) External analysis O Strategy formulation Internal analysis Strategy implementation