Explain the Concept of Positioning for Competitive Advantage

question 69

Essay

Explain the concept of positioning for competitive advantage.

---

Definitions:

Restrictive Financial Policy

Policies implemented by firms to control their financial risk, often including tight controls over credit terms and dividend payments.

Premium Prices

Premium prices are higher than average prices charged for products or services, often because of perceived superiority in quality or branding.

Accounts Receivable Financing

A secured short-term loan that involves either the assignment or factoring of receivables.