publication . Article . 2013

How to Achieve a Competitive Advantage

Adina Musetescu;
Open Access
  • Published: 01 Jan 2013 Journal: Knowledge Horizons - Economics, volume 5, issue Special 1 December, pages 13-16
In order to succeed in any market a company has to decide which strategy is more appropriate to use, which means identifying the sources of a potential competitive advantage such as skills or resources. Superior skills in creating a special product can represent the element that is setting the company apart from its competitors. That is easily translated into a very good quality of the products. The resources of the company refer to the great number of retailers (a good distribution chain that can lower the costs), the possibility of economies of scale, a good advertising programmed and others.
free text keywords: Competitive advantage, economy of scale, product, price, distribution, promotion, social responsibility, jel:M16

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