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Employees that understand how their company operates and competes can make better decisions. Therefore management can create a competitive advantage by

Sagot :

Employees that are aware of how their business competes and functions will make wiser decisions. Consequently, management can gain a competitive advantage by providing staff with information.

Which five competitive advantages exist?

Five different kinds of competitive advantages

  • Cost-based benefit. The most obvious method of gaining a competitive edge is this.
  • Benefit from a product or service that is unique.
  • Advantage of being first.
  • a time-based benefit.
  • advantage based on technology

What are some illustrations of competitive advantages?

Competitive Advantage Examples

  • gaining access to natural resources that are off limits to rivals
  • high caliber labor.
  • a distinct geographic area.
  • access to innovative or exclusive technology
  • ability to produce goods at the lowest possible cost.
  • brand identification

learn more about competitive advantage here https://brainly.com/question/26514848

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