What does competitive advantage mean?
Definitions for competitive advantage
com·pet·i·tive ad·van·tage
This dictionary definitions page includes all the possible meanings, example usage and translations of the word competitive advantage.
Wiktionary
competitive advantagenoun
something that places a company or a person above the competition
Wikipedia
Competitive advantage
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.
Numerology
Chaldean Numerology
The numerical value of competitive advantage in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of competitive advantage in Pythagorean Numerology is: 5
Examples of competitive advantage in a Sentence
Whoever brings a battery for a smartwatch to the market that you don't need to charge for six months has a competitive advantage, we're working intensively on this problem with our research group Belenos and battery producer Renata. Next year we will come to the market with a revolutionary battery, not only for watches but also for automobiles.
They devalue their currency. They have for years. It's put them at a tremendous competitive advantage.
Location can be a competitive advantage, especially if you have a very flexible mental perspective, rely on local advantages and connect nationally.
This kind of flexibility is a decisive competitive advantage.
The minimum wage hike could lead to increases in salaries for workers on higher pay scales. If companies don't take additional measures, costs will go up and shrink margins, companies could decrease employment or cut bonuses. Export sectors such as textiles could shift their production to other countries to avoid losing their competitive advantage.
Translations for competitive advantage
From our Multilingual Translation Dictionary
- WettbewerbsvorteilGerman
Get even more translations for competitive advantage »
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"competitive advantage." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/competitive+advantage>.
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