Nov 13, 2013 · Which item below is not a competitive advantage? A) offering free samples during a two week promotion B) using a new patented manufacturing process that reduces manufacturing costs by 25% C) consistently providing better customer service than …
Sep 15, 2014 · Competitive Advantage The challenge for a marketing strategy is to find a way of achieving a sustainable competitive advantage over the other competing products and firms in a market. A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that …
Dec 15, 2011 · 102.Which one of the following is not a way for a company to build competitive advantage by pursuing a multinational diversification strategy? A. Fully capturing economies of scale and experience curve effects as well as cross-business economies of scope B. Using cross-business and cross-country coordination of certain value chain activities to outcompete rivals …
Nov 10, 2016 · Name two important limitations of using shareholder value data to measure competitiveadvantage. The three major drawbacks are: (1) stock prices can be highly volatile, (2) macroeconomicfactors have a direct bearing on stock prices, and (3) stocks frequently reflect the "mood" ofinvestors, which can cause irrationality.
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A competitive advantage enables a company to perform better than its competitors. It refers to factors allowing a company to produce services or goods better or for less expense than the competition, which may generate more sales or higher profit margins. To be successful, a company's competitive advantage must generate value for its stakeholders ...
Intellectual property. Distribution network. There are six types of competitive advantage you can make use of: Differential: This advantage means you offer products with a more unique benefit than the competition, such as better quality or quicker service.
Having a competitive advantage can create greater value for a company and its shareholders because of certain strengths it has when compared to its competition. A consistent competitive advantage can help companies continue to be the market leaders in their industries. In any business, a competitive advantage can lead to better profit margins ...
A business can monitor the strategy it uses to adjust areas that aren't as effective and focus more resources on ones that are successful, which can further its competitive advantage. For example, a beauty and hair products company whose competitive advantage is its social media platforms can monitor the number of new customers referred to it through its social media accounts. Monitoring this information helps the company create more avenues for new clients to sign up for their products, like bonuses or referral programs.
To be the lowest-cost producer, you can try: Boosting productivity levels.