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3 years ago

Competitive advantage

Business

1 answer:

ArbitrLikvidat [17]3 years ago

4 0

Answer:

True

Explanation:

Competitive advantage is an economic category, which means that an economic entity has unique characteristics that distinguish this economic entity from other similar entities in the market. Competitive advantages and disadvantages are identified in the process of comparing the elements of activity of market participants with elements of the activities of rivals. So, for example, you can determine whether a business idea is better or worse, the name of the created or acquired company, the composition of the personnel, management and top management of the company, business models, tools and objects of work used in business, business communication.

Know what you'll should make your owner's make your own more with your competitions with combinations - when if you do not follow throughout with this, that will not make anythorize - will not use - if you don't make anything - will not use more throughout. If you compete with the same product or service as many of your other competitors in the market, you can only compete in terms of price: this market is affordable to buyers (buyers' market) and prices will decline. This is typical of many creative businesses that are not commercially successful. On the other hand, prices are rising in a market with more favorable terms for sellers, and a monopoly (monopoly) is created, which is the strongest customer position. Profitable strategy changes your position from price competition to monopoly position. You can increase the prices of the products and services you offer on the market.

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Answer:

False

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