The facet of a business that the business does better than all of its competitors is known as which of the following?

A) competitive advantage
B) competitive edge
C) competitive power
D) absolute advantage

Competitive Advantage

A strategic advantage one company has over its industry competitors, allowing it to generate greater sales or margins and/or retain more customers.

Competitive Edge

An advantage that a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Competitive Power

The ability of a company or nation to produce goods and services that meet the quality standards of the local and global markets at prices that are competitive and provide adequate returns on the resources employed.