The Victorian College of Pharmacy operates as a separate college of Monash University.It is known for providing excellent vocational and academic education in the field of pharmacy.This ________ is what sets it apart and gives it an edge over other schools in its market.

Question

Quizplus · Accepted Answer

A competitive advantage refers to a unique feature or characteristic of a business that sets it apart from competitors and gives it an edge in the market. In this case, the Victorian College of Pharmacy's excellence in providing both vocational and academic education in pharmacy is its competitive advantage that sets it apart from other schools in the same field. Other options such as niche market, marketing strategy, bargaining power, or strategic management tool are not as applicable in this context.

The Victorian College of Pharmacy Operates as a Separate College