Examlex
Which of the following candidates should be selected for the job?
Cost Advantage
This is the benefit a company gains when it can produce a product or provide a service at a lower cost compared to its competitors, often leading to higher profit margins.
Core Competency
Fundamental strengths or unique abilities that a company possesses, providing the foundation for its competitive advantages.
Differentiation Advantage
The unique attributes or features a product or service provides that set it apart from competitors, leading to a competitive advantage.
Strategic Plan
A comprehensive blueprint designed by an organization to outline its goals, the strategies to achieve them, and the metrics for tracking progress.
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