Competitive advantage
is an advantage over competitors in some measure such as cost, quality, or speed; leads to control of a market and to larger-than-average profits. t/f

True

Explanation:

Competitive advantage is an economic category, which means that an economic entity has unique characteristics that distinguish this economic entity from other similar entities in the market.  Competitive advantages and disadvantages are identified in the process of comparing the elements of activity of market participants with elements of the activities of rivals. So, for example, you can determine whether a business idea is better or worse, the name of the created or acquired company, the composition of the personnel, management and top management of the company, business models, tools and objects of work used in business, business communication.

Know what you'll should make your owner's make your own more with your competitions with combinations - when if you do not follow throughout with this, that will not make anythorize - will not use - if you don't make anything - will not use more throughout. If you compete with the same product or service as many of your other competitors in the market, you can only compete in terms of price: this market is affordable to buyers (buyers' market) and prices will decline. This is typical of many creative businesses that are not commercially successful. On the other hand, prices are rising in a market with more favorable terms for sellers, and a monopoly (monopoly) is created, which is the strongest customer position. Profitable strategy changes your position from price competition to monopoly position. You can increase the prices of the products and services you offer on the market.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: