unique strength relative to what competitors are doing now and like to do in the future is referred to as __________.

Question

Quizplus · Accepted Answer

A competitive advantage is a unique strength that sets a company apart from its competitors and can be sustained over time. This advantage may come from factors such as cost structure, product differentiation, or brand recognition. It is not necessarily a complete market dominance or sustainable dominance, but rather a distinct advantage in a specific area that allows the company to outperform its competitors.

Unique Strength Relative to What Competitors Are Doing Now and Like