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Which of the following generates profits for banks?
Competitive Advantage
The favorable position a business gains over its competitors, typically through greater value to customers, lower costs, or both.
Competitive Scope
The breadth and focus of a company's competitive arena, which can range from targeting niche markets to competing across global markets.
Porter's Generic
Strategies outlined by Michael Porter that describe how a company can achieve competitive advantage through cost leadership, differentiation, or focus, to perform better in their market.
Personnel Synergy
The enhanced combined effect or output achieved when individuals or teams work cohesively and effectively together.
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