Competitive advantages

  • Автор темы DedeStoorsRot
  • Обновлено
  • 16, Jun 2020
  • #1
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The production of goods is always characterized by certain advantages or disadvantages, which are different in all countries.
Because of this, it is beneficial for each country to produce one product and import another.
Similarly, in the business sphere. If one person is a specialist in different fields, then it will be logical to develop only one talent, which can bring more income.
In general, the whole business strategy aims to achieve the benefits of competition.
The central function is to gain a strong market position and revenue growth.
Competitive advantages are achieved, first of all, due to the high quality of products (especially in technological and engineering industries).
The quality of the goods will maintain the competitiveness of the company or enterprise for a long time.
When deciphering competitive advantages, it is necessary to take into account the needs of consumers, thoroughly check whether the possible advantages are really such from the position of consumers.
The enhancement of competitiveness is facilitated by the improvement of product service to make it more attractive to customers.
Competitive advantage can also be achieved through additional functions such as distribution or processing of information.

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