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$3$ Points

Question $28$

Bright Lighting was the first company to start selling LED light bulbs in its country$-$a product that gained popularity among diverse groups. Soon, other companies started to sell their own brands of LED bulbs, thereby giving Bright Lighting ample competition. In response, Bright Lighting decided to limit its LED light bulbs to outdoor models. However, it ensured that these models were the longest$-$lasting and lowest$-$priced on the market. With this innovation, Bright Lighting consistently outperformed its competitors for ten years. In this scenario, Bright Lighting maintained a $\_$ through its innovative strategy.

Balanced scorecard

Sustainable competitive advantage

Consistent power position

Fiduciary responsibilitY