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Alika [10]
2 years ago
15

Competitive advantage __________. Question 2 options: information collected from multiple sources, such as suppliers, customers,

partners, and industries that analyzes patterns, trends and relationships for strategic decision making. Evaluates an organizations strengths, weaknesses, opportunities, and threats. Extraction of information from data and using it to predict future trends and identifying behavioral patterns. is a feature of a product (or service) on which customer
Business
1 answer:
Alekssandra [29.7K]2 years ago
5 0

Answer:

is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.

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8 0
3 years ago
Francine installed a new pool for $11,320 using a 12-month deferred payment plan with an interest rate of 20.67%. what is the ba
mr_godi [17]
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3 0
3 years ago
1. You are a small employer wishing to establish a benefits program for your employees. What things should you consider to ensur
Ira Lisetskai [31]

The program is considered to be success when it is implemented properly.

Employee benefit programs include health and life insurance, preventative doctor care, and the free health checkups, all of which aid employees in maintaining excellent health and fostering wellbeing. These benefits increase employee satisfaction with your company.

Employers have a significant and costly challenge in managing employee benefits. While most companies are required to give mandated benefits such as Social Security payments, worker's compensation insurance, and unemployment insurance, the majority of other benefits are optional and selected by the company.

Therefore,  the answer is proper implementation.

To know more about benefit program click here:

brainly.com/question/12143528

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8 0
1 year ago
Ford motor co. has separate divisions for passenger cars, for large trucks, and for farm products. ford is an example of an orga
Tamiku [17]
<span>range of products, which effectively provides the public with a fundamental tool at this time, both to work and to have fun in a recreational activity. They can also offer the models of their vehicles a comfort for the whole family.</span>
4 0
2 years ago
A focused differentiator has the advantage of: A. being able to respond to demands for deep price discounts. B. producing a larg
cricket20 [7]

Answer:

D. Selling on non-price factors, such as design or customer service

Explanation:

One of the main goals of a Focused differentiator strategy in business is to is to secure a competitive advantage over competitors by offering products that appeal to specific non-price and unique preferences of customers.

The strategy is to go for <u>products that will appeal to a well-defined group of buyers</u>. This strategy is the opposite of the Broad Differentiation strategy that aims at different or multiple market segments or multiple buyer groups for a product.

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2 years ago
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