26 Jul 2018, 12:24 — 1 min read
Definition: Competitive advantages are conditions that allow a company or country to produce a good or service of equal value at a lower price or in a more desirable fashion.
Example: Companies in India and China have a competitive advantage in the manufacturing sector in comparison to the U.S and U.K because of lower labour costs.
Business Insight: Building a business around a competitive advantage is a good strategy for ensuring success and growth.
Posted byGlobalLinker Staff
We are a team of experienced industry professionals committed to sharing our knowledge and skills with small & medium enterprises.
6 Jan 2022, 13:00
31 Dec 2021, 17:52