It is known as competitive advantage.
Competitive advantage refers to factors that allow a company to produce goods or services more efficiently or at a lower cost than competitors. These components allow the manufacturing unit to generate more sales or profits than its competitors in the market.
It is the favorable position that a firm seeks in order to outperform its competition.
Competitive advantages are classified into two types: comparative advantages and differentiated advantages.
A company's comparative advantage is its ability to manufacture something more effectively than a rival, resulting in larger profit margins.
A differential advantage occurs when a company's goods are seen to be both distinctive and of greater quality than those of a rival.
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Answer:
Assortment of products; assortment of products.
Explanation:
From the economic system’s point of view, the role of marketing intermediaries is to transform the assortment of products made by producers into the assortment of products wanted by consumers.
In marketing, the assortment of products typically refers to the collection (number and types) of goods and services that a producer makes readily available to the consumer of such goods and services at a particular time. The marketing intermediaries consist of retailers, wholesalers, agents, franchises, and distributors or dealers in the supply of goods and services to the customers.
<span>In the business market, organizational customers purchase products from the fishing and agricultural industries to use in their finished products. These are examples of raw materials.
A raw material is defined as a basic material that a product is made from. Anything that's from the wild is an example of a raw material. Raw materials are used in making a lot of products and most would be hard to produce without.
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<span>True. </span>
The waist circumference has a big
influence on an individual’s health condition. When most of an individual’s fat
is around the waist rather than at the hips, then they are at a high risk for a
cardiovascular disease. The risk is greater if the waist size is above 40
inches for men.
