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A Competitive Advantage Is a Set of Unique Features of a Company

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True/False

A competitive advantage is a set of unique features of a company and its products that are perceived by the target market as significant and superior to those of the competition.


Definitions:

Resilience

The capacity to recover quickly from difficulties; toughness or the ability to bounce back from stress or adversity.

Bounce Back

The ability to recover quickly from difficulties; resilience.

Adapt

To make suitable adjustments to new conditions or a different environment in order to improve functionality or survival.

High Crime Area

A geographic location with a significantly higher rate of criminal activity compared to surrounding areas.

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