Asked by Katelyn Smith on Jun 19, 2024
Verified
Describe three benefits of gaining a competitive advantage.
Competitive Advantage
A unique attribute or ability a company has that enables it to outperform its competitors.
Benefits
Advantages or perks provided to employees in addition to their regular compensation, such as health insurance, retirement plans, and paid time off.
- Examine the theory and durability of competitive advantage.
Verified Answer
CD
Carly DiagoJun 26, 2024
Final Answer :
can help establish a self-sustaining position in the marketplace
customers will be more satisfied with that product than the competition's product
increase in market share
larger sales and more profits
more money that can be invested into the business to make it better
customers will be more satisfied with that product than the competition's product
increase in market share
larger sales and more profits
more money that can be invested into the business to make it better
Learning Objectives
- Examine the theory and durability of competitive advantage.
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