Identify Three Forms of Competitive Advantage a Product Could Offer

question 51

Essay

Identify three forms of competitive advantage a product could offer.

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Definitions:

Transactional Form

A mode of interaction or communication that focuses on the exchange of information, goods, or services.

Mutual Influence

pertains to the reciprocal effect individuals or entities have on each other's attitudes, behaviors, or actions.

Human Communication

The process by which individuals convey meanings to one another through the use of mutually understood signs, symbols, and verbal or nonverbal messages.

Nonverbal Messages

Communication conveyed through body language, facial expressions, and other physical gestures without using spoken words.