All categories

2 years ago

a product possesses a competitive advantage when it enjoys a superior position over competing products because

Business

1 answer:

Lana71 [14]2 years ago

8 0

Compared to other products in its category, consumers think it is more valuable.

<h3>What does a competing product entail and Types of competitive products?</h3>

The items and services that your target market could prefer over yours are called competitive products. By comparing a competing product's characteristics and solutions to your own, you may determine which one it is.

Competitive goods might include:

Clothing and toys are examples of tangible goods.

Streaming media apps, online courses, and ebooks are examples of digital goods.

Live events, such as gatherings, shows, and festivals.

Consultative, coaching, and design services are examples of professional services.

Types of competitive products:

Direct competitive products.

Indirect competitive products.

Replacement competitive products.

To know more about competitive products visit:

brainly.com/question/27302605

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