Describe the Six Factors of Competitive Advantage

question 27

Short Answer

Describe the six factors of competitive advantage.

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Definitions:

Inbound Transportation

The process and cost of transporting goods from suppliers to the premises of a business.

Sales

The activities involved in selling products or services, often measured by the amount of revenue generated from transactions with customers.

Cost of Goods Sold

An accounting term for the direct costs attributable to the production of the goods sold in a company, including both raw materials and labor expenses.

Aggregate Planning

Strategic planning of overall output levels and resources to effectively meet demand over a period, typically months, considering various constraints and objectives.