Question

Think about competitive advantage from a personal perspective. Why is knowing this and being able to apply this important to you?

Answer 1

Competitive advantage is a condition which helps a company to be in advantage of other company. It is very good and it helps us to emerge strong and we can be one of the best in that sector if we know the advantage of other company. If we know other companies advantage then we can understand how to operate and how to evolve as the best. We can defeat that company and we can apply methods which will help us do the same. It is also important to know because it can help us distinguish ourselves and will also help us in adjusting price, improving quality, building trust, will also help us in growing and underestimating our customers and it's need and we can be one of the best.

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