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How can you gain a competitive advantage over the competition such as location, expert personnel

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Question

Bus. 508 contemporary business extra credit assignment;How can you gain a competitive advantage over the competition such as location, expert personnel, efficient operations, or ability to bring value to the customers?;ANSWER;A frm can you gain a competitive advantage over the competition such as location, expert personnel, efficient operations and ability to bring value to the customers by strategically position itself in all activities and in price efficiencies. Firms have the competitive advantage over its suppliers when they buy in bulk and hence are able to gain advantage over price. Firms which are localized get the advantages of location and hence are able to competitively place themselves in the supply chain system.. The comparative advantage that firms use is the factor proportion theory. According to this in a free market economy where commodities are available in abundance, it is but natural that buyers will seek out those suppliers who can afford to

 

Paper#22738 | Written in 18-Jul-2015

Price : $27
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