Competitive advantage

 

 

 

Competitive advantage

 

Glossary of business

 

Definition of competitive advantage

 

A competitive advantage is a situation where a firm has lower costs than their competitors and so can sell at a lower price or make a bigger profit at the same price. It may also include a situation where a firm has developed a new product or feature for a product that gives the firm an edge over their rivals.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of competitive advantage

 

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Meaning of competitive advantage

 

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What does competitive advantage mean ?

 

 

 

 

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