Competition is a fundamental principle of business. Provide yourinsight and view of competitive advantage from an overallperspective. Please answer and share your views of the questionsbelow.
What constitutes competitive advantage?
Is competitive advantaged acquired, earned and built?
How do you determine what your competitive advantage is in themarket place?
What are some methods to maintain it in your businessenvironment?
Expert Answer
Competitive advantage is the unique advantage offered by thefirm in terms of costs, services, quality, technique or technology.Depending on the target market and type of business, a business cancreate a competitive advantage. The competitive advantageconstitutes the ability of business to provide better benefits orvalue
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