Definition of 'competitive advantage'

Definition of 'competitive advantage' competitive advantage A competitive advantage enables a company to perform better than its competitors It refers to factors allowing a company to produce services or competitive advantage A firm is said to have a sustained competitive advantage when it is implementing a value-creating strategy not simultaneously being implemented by any current

competitive advantage There are many benefits of having a competitive advantage Perhaps the most obvious benefit is that it can help a company to win market share

competitive advantage Businesses that establish a competitive advantage demonstrate superior performance over their competitors, allowing them to expand their Having a competitive advantage means being able to present your customer base with a unique, compelling reason to pick your product or service