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Good or service that can be sold in profitable quantities (within a certain market) on the basis of its price, quality, and service combination preferred by buyers over that offered by competing products.
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How companies differentiate and position their products for maximum competitive advantage Answer?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
What is the theory of competitive pricing?
setting a price by reference to other prices of comparable competitive products.
What is the competitive advantage of products and services offer organizations in international level?
What is the competitive advantage of products and services offer organizations in international level?Read more: What_is_the_competitive_advantage_of_products_and_services_offer_organizations_in_international_level
Where does competitive advantage come from?
Competitive advantage can come from products, employees and operations. When a firm has a competitive advantage, they are able to operate as a leader within their industry.
How companies differentiate and position their product for maximum competitive advantage?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
Can a perfectly competitive firm set a price for its products that is above marginal cost?
A perfectly competitive firm would set its prices at a perfectly competitive price.
To what competitive force did the travel agency industry succumb?
substitute products
What is competitive advantaged?
Competitive advantage is a term given to any factors that helps a business succeed over its rivals. If a business has a better location than another rival business, that would be a competitive advantage. Another example of competitive advantage might be the company's products versus a rival's products or a company's total market share.
What are the advantages of being competitive?
Being competitive means being able to compete with other companies and their products, thus being able to stay in business and being able to compete and staying competitive.
Is advertisement a waste of resourses?
No it isn't. By advertising your products or services you inform consumers about their existence and most importantly you can show the differences between competitive products. In other words advertisement gives you what is called a competitive advantage through differentiation.
What does competitive advantage have to do with business process analysis?
Examining your business processes to ensure that they are efficient will help you get a competitive edge. The faster your machines are able to produce products, the faster consumers will have them; this gives the business a competitive advantage.
Why does a perfectly competitive market require many buyers and sellers?
You need these people in order to sell products. Money needs to exchange hands in order to be competitive.
