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What is another word for competitive advantage?

Pronunciation: [kəmpˈɛtɪtˌɪv ɐdvˈantɪd͡ʒ] (IPA)

Competitive advantage refers to the aspect of a business that puts it in a commanding position over its rivals. Essentially, it is what enables a company to outdo its competition and succeed in the market. There are many synonyms for this term, such as edge, upper hand, leverage, superiority, dominance, and primacy. The synonyms may slightly differ in their meaning, but they all connote the same idea of having an advantage over the competition. These words highlight the importance of a competitive edge, which can be achieved through innovative products or services, cost-effective pricing, efficient operations, or strong customer relations. In summary, a competitive advantage is crucial for companies seeking to thrive in their respective industries.
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Synonyms for Competitive advantage:

What are the hypernyms for Competitive advantage?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    business advantage, economic advantage, commercial advantage, market advantage, strategic advantage.

Famous quotes with Competitive advantage

  • The information that is passed from person to person and from generation to generation is the primary factor that gives humans a competitive advantage over other animals.
    Keith Henson
  • We don't want a third party who may or may not have our best interests in mind or our crew members' best interests in mind because they may be serving a union of one of our competitors. They are trying to equalize us and take away our competitive advantage.
    David Neeleman
  • Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.
    George Soros
  • An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.
    Jack Welch
  • If you don't have a competitive advantage, don't compete.
    Jack Welch

Semantically related words: competitive positions, competitive market, competitive strategy, competitive market share, competitive advantages and disadvantages, competitive analysis, competitiveness and international trade

Related questions:

  • What are the advantages of a competitive advantage?

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