Which of the following best describes the concept of competitive advantage in BSG?

The concept of competitive advantage in the Business Strategy Game (BSG) revolves around a company's ability to perform better than its competitors. It encompasses various aspects that can lead to superior market performance. Achieving lower operational costs than competitors can allow a company to offer lower prices or enjoy higher margins. Unique product features can attract more customers and build brand loyalty, thereby distinguishing a company's offerings in a crowded market. A larger market share indicates that a company is successfully competing against its rivals, often as a result of the advantages it has cultivated.

All these outcomes—lower operational costs, unique product features, and larger market share—are manifestations of competitive advantage. Each factor contributes to the overall ability of a company to outperform its competitors and sustain profitability in a competitive environment. Therefore, the best description of competitive advantage encompasses all these elements, which is why "all are outcomes of competitive advantage" is the most comprehensive and accurate answer.