competitive advantage JUST WRITTEN FOR YOU
/kəm.pɪ.tɪ.tɪv əd.van.tɪdʒ/ · com.pet.i.tive ad.van.tage
noun
- Something that places a company or a person above the competition. The company's innovative product design gave it a competitive advantage in the market.
noun
- A unique benefit or attribute that sets a product, service, or organization apart from its competitors. The company's commitment to sustainability is a key competitive advantage in the eyes of environmentally conscious consumers.
noun
- A strategic position or situation that allows a company or individual to outperform its rivals. The company's decision to invest in research and development gave it a competitive advantage in the tech industry.
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Did you know? The concept of competitive advantage has been applied in various fields, including business, sports, and politics, where it is often used to describe a strategic advantage that allows an individual or organization to outperform its rivals.