BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -These factors allow the productive entity to generate more sales or superior margins compared to its market rivals. Competitive advantages are attributed to a variety of factors including cost structure, branding, the quality of product offerings, the distribution network, intellectual property, and customer service.

Detailed explanation-2: -Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy. A firm has a competitive advantage when it implements a strategy competitors are unable to duplicate or find too costly to try to imitate.

Detailed explanation-3: -What Is the Difference Between Competitive Advantage and Comparative Advantage? Competitive advantage refers to one company’s ability to differentiate itself over its competitors. Comparative advantage refers to a business’s ability to produce a cheaper good compared with other businesses.

Detailed explanation-4: -The four primary methods of gaining a competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances.