Year 12s: what will be the first way you research your future options? >>

Forums
why does a business need competitive advantage

This discussion is now closed.

Check out other Related discussions

Btec level 3 Business
Gcse edexcel business paper 2 - monday 12th june 2023
Edexcel gcse business paper 2
Edexcel gcse business paper 2
Msc Entrepreneurship at The University of Edinburgh and UCL
FA Cup Replays Scrapped!
Good site of SEO
Urgent - nottingham or warwick
Econ
Should I choose business or further mathematics for alevel?
BTEC Business Pearsons Unit 2 - Developing a Marketing Campaign
GCSE help!!
Philosophy application with no related subjects
Dentistry a-levels help
Oxbridge
Does taking 4 A-Levels help with university applications?
QMUL Law Offer Holders
How much will grade 7(s) affect a potential oxbridge application?
Transitioning from Software Engineering to the Bar via GDL
Accounting AAT vs ACCA

why does a business need competitive advantage

rg2005

i cant explain this

Reply 1

Reue

Because otherwise they would be crushed by competitors?

Seriously, this is one of the easiest questions you'll ever be asked in business!

Reply 2

Multiplexed

Competitive advantage?

Er... to keep it's position in the market otherwise it risks being pushed out of the market?

Reply 3

babyblonde01

if a business does not have a competitve advantage over another business it would go bust. Think of 2 internet sites for example, they both sell the same product say a new games console, however one offers a 10% discount on the rrp and also free delivery where as the other charges £5 for delivery but also gives you a 10% discount. The company with the free delivery have the advantage as a customer is always gonna choose the better deal where possible. Try to use examples in ur answer you'll get better marks. x

Related discussions

Btec level 3 Business
Gcse edexcel business paper 2 - monday 12th june 2023
Edexcel gcse business paper 2
Edexcel gcse business paper 2
Msc Entrepreneurship at The University of Edinburgh and UCL
FA Cup Replays Scrapped!
Good site of SEO
Urgent - nottingham or warwick
Econ
Should I choose business or further mathematics for alevel?
BTEC Business Pearsons Unit 2 - Developing a Marketing Campaign
GCSE help!!
Philosophy application with no related subjects
Dentistry a-levels help
Oxbridge
Does taking 4 A-Levels help with university applications?
QMUL Law Offer Holders
How much will grade 7(s) affect a potential oxbridge application?
Transitioning from Software Engineering to the Bar via GDL
Accounting AAT vs ACCA

Latest

Articles for you

Edexcel A-Level Economics Paper 1 - Unofficial Mark Scheme - 18 May 2023

What is an LLM and how could it benefit your career?

Powerful questions business students forget to ask their career advisers

Why I chose a law degree and what studying law was like

why does a business need competitive advantage

Related discussions

Latest

Trending

Trending

Articles for you