Competitive Advantage Assignment Example | Topics and Well Written Essays - 250 words

Competitive Advantage - Assignment lawsuitAll these factors create competitive advantages for a guild in different ways and need be looked into so that in case one fails, the others can still remain relevant for a company. In relation to cost, it entails a firm being in able to offer its products and services at mediocre prices and still make profits. To attain this, a firms recruits labor and conducts education and training forums to keep them up to term with the companys expectations and save on production costs.On the aspect of differentiation, a company leave alone want to create an advantage on its products with respect to branding, quality as well as initiation among other issues. The main aim of differentiating goods and services ought to be, to satisfy each customers needs and lead quality for money paid (Pearce & Robinson, 2012). Every customer wants to feel good about a bad-tempered brand purchased, and have the willingness to purchase it another time comfortably.Sp eed should also be factored in a companys competitive advantage since it provides efficiency in the delivery of goods and services. Consequently, having fair and reliable scattering channels is an added advantage to any company. A reliable delivery service with a strong dispersion network plays a major role in attracting a large client base for the company (Pearce & Robinson,