Competitive advantage is the particular way a firm implements customer benefits that keeps the firm ahead of other firms in the market.
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins.
Competitive advantage is the advantageous position a business wants to outperform its competitors in terms of profitability. Examples of competitive advantage include the following: the group. exclusive use of technologies or production processes. a unique offering that no one else can make (protected by IP law or patents, etc.)
Learn more about competitive advantage here
https://brainly.com/question/26356446
#SPJ4
