Advantage and disadvantage of competition composition
Answers
Answered by
1
Answer:
A competitive disadvantage is an unfavorable circumstance or condition that causes a firm to under perform in an industry. Disadvantages typically include things such as know-how, scale, scope, location, distribution, quality, product features, process efficiency, productivity and costs
Explanation:
Competitive advantages generate greater value for a firm and its shareholders because of certain strengths or conditions. The more sustainable the competitive advantage, the more difficult it is for competitors to neutralize the advantage.
Similar questions