Examlex
Though a number of paths can lead to competitive advantage,some of the more common ones include distinctions based on five core elements.Name these elements and provide one example of each of them.
Product Attributes
The features, functions, benefits, and characteristics that define a product and contribute to its perceived value and utility by consumers.
Market Analysis
The process of researching and understanding the dynamics of a specific market within an industry, including size, trends, competition, and customer behavior.
Brand Valuation
The process of estimating the total financial value of a brand, taking into account its market position, customer loyalty, and brand recognition.
Financial Benefit
The monetary gain obtained from investments, operations, or decisions, contributing to the financial health and profitability of an entity.
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