Nobelle,a chocolatier based in France,produces candy containing exotic ingredients from the rain forests of Brazil.The ingredients are provided by a single supplier who has an exclusive contract with Nobelle.The chocolate manufacturer thus has a great deal of power over the market.This is an example of ________.

Question

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Competitive advantage refers to a situation where a company has a unique advantage over its competitors, which allows it to achieve higher profits or sales. In this case, Nobelle has a competitive advantage because of its exclusive contract with a single supplier, which gives it more control over the market and enables it to offer unique products containing exotic ingredients. Strategic management, distinctive competence, and strategic vision are related concepts but do not fully capture the idea of competitive advantage in this scenario.

Nobelle,a Chocolatier Based in France,produces Candy Containing Exotic Ingredients from the Rain