What is competitive advantage?
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 determines the Competitive intensity in industry?
Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins. ...
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What is the meaning of competitive supply mean?
Competitive supply is supplies that could be produced using the same equipment that you use to produce another supply. For example, spaghetti and meatballs are competitive supply with lasagna, because they are made with the same ingredients. ...