Question

Which do you believe is most important for a company's competitive advantage: internal consistency or market competitiveness? Explain your answer.

Answer 1

It's market competitiveness.

This is because many companies or enterprises produce various products without knowing how to plan their production sectors or strategic plans, simply because they are not able to combat their competitors at the market level so that they lose the market in respect of their products because they can not sell their products where their rivals are basically located. Hence the competitiveness of the market should be recognized so that different products and services offered by the rivals can be distinguished. This allows them to understand how their products are based and how all their goods can be sold. They achieve the competitive edge and the comparative advantage in production easily through that.