LESSON OBJECTIVE
Assessment Criteria AC 3.1 Explain how products are developed to sustain competitive advantage Below are questions pertaining to lesson 8. Please ensure to answer each question correctly. 1. What is competitive advantage? 2. Explain any two ways in which a firm usually attempts to improve its products in a bid to sustain competitive advantage. 3. Select a company and identify a product that they currently have that is not highly demanded. Suggest developments or changes that that firm could make to that product to improve its competitive advantage.
69 Comments
Shantel Richards
11/9/2016 07:16:18 pm
1. What is competitive advantage? Competitive advantages are conditions that allow a company or country to produce a good or service at a lower price or in a more desirable fashion for customers. These conditions allow the productive entity to generate more sales or superior margins than its competition(Investopedia, n.d.).
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Kristal Williams
11/9/2016 07:34:36 pm
1. What is competitive advantage?
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kimberley codling
11/10/2016 07:10:43 am
1. What is competitive advantage?
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shana richmond
11/10/2016 10:13:29 am
question 1 is when my company have the advantages I'm on top or leading with certain goods.
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Shanice Graham
11/10/2016 12:38:17 pm
1 Competitive advantage is a condition that places a business in a superior position
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evennecia thompson
11/10/2016 01:32:37 pm
1. products that are perceived by the target market as significant and superior to the competition. It is the reason behind brand loyalty, and why you prefer one product or service over another. (Study.com, 2016)
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Oshin Lawrence
11/11/2016 08:10:33 am
What is competitive advantage?a superiority gained by an organization when it can provide the same value as it competitor. (businessDictionary.come,2016)
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Oneka Ferron
11/11/2016 04:31:45 pm
Assessment Criteria AC 3.1
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Bridgette Crieghton
11/11/2016 07:55:23 pm
1. Competitive advantage is a case were company progresses products for a cheaper price (Investopedia, 2016).
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sudane atkinson
11/12/2016 10:25:58 am
Assessment Criteria AC 3.1
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Shanique Smith
11/12/2016 05:34:25 pm
1. Competitive advantage is when a company is able to produce goods and services at a low cost with value as to benefit the customers. Businesses with competitive advantage has an edge over other businesses in the industry.
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Christina Carter
11/12/2016 05:45:40 pm
1. Competitive advantage is basically the conditions which allow a country or company to provide goods and services at a lower the price to suite customers (Investopedia, n.d.).
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Shockeria Hilton
11/12/2016 05:48:43 pm
Answer #1- competitive advantage is an advantage gained over competitors by offering customers greater vale, either through lower prices or by providing additional benefits and service that justify similar, or possible higher prices.
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11/12/2016 09:05:35 pm
1. What is competitive advantage?
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Amoy Gentles
11/13/2016 08:44:42 am
1. What is competitive advantage?
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Yanique Munroe
11/13/2016 10:37:20 am
LEARNING OUTCOME THREE: Understand the Individual Elements of The Extended Marketing Mix
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Ronalyn Linton
11/13/2016 10:43:20 am
Competitive advantage is when a company has a superiority gained over another company that produce the same products. The advantage may lye within a lower price or a higher price by providing greater value through differentiation.(business dictionary.com,2016)
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Yanique Munroe
11/13/2016 12:53:48 pm
LEARNING OUTCOME THREE: Understand the Individual Elements of The Extended Marketing Mix
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Tia Jones
11/13/2016 02:24:56 pm
Tia Jones
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Bibi Areefa Shaw
11/13/2016 03:09:44 pm
1. According to BusinessDictionary.com (2016) A competitive advantage is a prevalence picked up by an association when it can give an indistinguishable esteem from its rivals yet at a lower cost, or can charge higher costs by giving more noteworthy esteem through separation. Upper hand comes about because of coordinating center capabilities to the open doors.
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Tayesha pearson
11/13/2016 03:45:34 pm
Tayesha Pearson
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11/13/2016 03:47:48 pm
1. ans. competitive advantage are conditions that allows a company to produce a goods or service at a lower price or in a more desirable fashion for customers, these conditions allow the productive entity to generate more sales or superior margins than its competition. ( www.investopedia.com)
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Nicole Dawkins
11/13/2016 04:16:03 pm
1: A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Competitive advantage results from matching core competencies to the opportunities. (businessdictionary.com, 2016)
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Annalisa Wolfe-Forbes
11/13/2016 04:51:14 pm
LEARNING OUTCOME THREE: Understand the individual elements of the extended marketing mix
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Fredrica Wright
11/13/2016 05:24:58 pm
1. What is competitive advantage?
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Donna-Lisa Williams
11/13/2016 06:10:44 pm
1. What is competitive advantage?
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Abigail Grant
11/13/2016 06:22:09 pm
1. What is competitive advantage?
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Chevon Murray
11/13/2016 06:37:33 pm
1) searchcio (2016) states that "competitive advantage is the favorable position an organization seeks in order to be more profitable than its cometitors."
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11/13/2016 06:38:33 pm
1.What is competitive advantage?
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Britani Smith
11/13/2016 06:48:44 pm
Below are questions pertaining to lesson 8. Please ensure to answer each question correctly.
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MIKEEDAH OREILLY
11/13/2016 06:52:41 pm
Assessment Criteria AC 3.1
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Renae Brown
11/13/2016 07:06:47 pm
1). What is competitive advantage?
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Rajae Bedasse
11/13/2016 07:28:52 pm
1. Competitive advantage is matching core competencies to a given opportunity. Gaining advantage by offering the same products and value at a lower cost or providing much greater value for higher cost (businessdictionary.com, 2016).
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Santana Jones
11/13/2016 07:45:26 pm
1. What is Competitive Advantage?
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Lenice Brissett
11/13/2016 08:08:29 pm
1) “Competitive advantages are conditions that allow a company or country to produce a good or service at a lower price or in a more desirable fashion for customers. These conditions allow the productive entity to generate more sales or superior margins than its competition. Competitive advantages are attributed to a variety of factors, including cost structure, brand, quality of product offerings, distribution network, intellectual property and customer support” (Investopedia, 2016).
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Rasheeda Larmond
11/13/2016 08:47:08 pm
1. What is competitive advantage?
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Christopher Cameron
11/13/2016 08:59:40 pm
1) According to Rouse (2012), " Competitive advantage is a favourable position an organization seeks in order to be more profitable than its competitors."
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Ellisa Ellis
11/14/2016 08:06:56 am
1. What is competitive advantage?
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romario fearon
11/14/2016 08:44:04 am
1. What is competitive advantage? competitive advantage refers to a company that is the favourable position where its aim is to gain more profits , than competitions.
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Nicole Webb
11/14/2016 11:17:06 am
1. Businessdictionary, (2016, par.1), states that competitive advantage is "superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Competitive advantage results from matching core competencies to the opportunities."
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Takiis Mills
11/14/2016 01:03:55 pm
1. What is competitive advantage?
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Tashana Wilson
11/14/2016 03:15:44 pm
Assessment Criteria AC 3.1
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O'Neil James
11/14/2016 03:23:01 pm
Assessment Criteria AC 3.1
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O'Neil James
11/14/2016 04:32:24 pm
Assessment Criteria AC 3.2
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jolaine wood
11/15/2016 05:26:34 am
Assessment Criteria AC 2.5
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11/15/2016 07:37:17 am
1)A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation.
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Jada Wint
11/15/2016 01:16:55 pm
Question 1
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Tashaye Blake
11/15/2016 04:30:34 pm
1. What is competitive advantage?
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Tamoya Russell
11/15/2016 05:53:49 pm
1.Competitive advantages are conditions that allow a company or country to produce a good or service at a lower price or in a more desirable fashion for customers. These conditions allow the productive entity to generate more sales or superior margins than its competition.(Investopedia 2014)
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Joley Campbell
11/15/2016 08:35:50 pm
1. A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation.
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Caymone Samms
11/15/2016 09:09:58 pm
1. competitive advantage is when a company has the better edge over its competitors.[www.businessdictionary.com.../competitive-advantage].
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Caymone Samms
11/15/2016 09:14:52 pm
Reference
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Taisha Lewis
11/16/2016 07:10:51 am
1.
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Nel-licia House
11/16/2016 01:16:30 pm
1. What is 'Competitive Advantage'
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jheanel davidson
11/16/2016 04:14:52 pm
AC 3.1
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Sadisha Blackwood
11/16/2016 04:36:53 pm
1. Competitive advantage is when a company offer goods and services that are at a better rate than its competitor allowing them to gain greater value.
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Davakay Stewart
11/16/2016 06:58:28 pm
1. The business dictionary defines competitive advantage as superiority gained by on Arden is this song when you can provide the same value as it as its competitors but as a lower rate or can charge hi prices by providing greater value through differentiation
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Sherian Campbell
11/16/2016 07:38:02 pm
AC 3.1
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vanassa williams
11/16/2016 08:22:58 pm
1. What is competitive advantage?
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Kristal Stephenson
11/16/2016 09:28:08 pm
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janielle chambers
11/17/2016 05:57:50 am
1.competitive market is a situation that give a company more favors from consumers.
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Melissa Duncan
11/17/2016 02:51:06 pm
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jolaine wood
11/17/2016 04:42:01 pm
LESSON OBJECTIVE
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Zaneika
11/17/2016 05:44:56 pm
1. Competitive advantage is when a firm is able to deliver the same benefits as competitors but at a lower cost or deliver benefits that exceeds those of competing products.
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Tahirah Steele
11/18/2016 09:15:27 pm
LESSON OBJECTIVE
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Deanakay Sherwood-Hall
12/4/2016 01:15:39 pm
1. What is competitive advantage?
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Stacy-Ann A Rowe
12/5/2016 07:44:53 pm
1. Competitive advantage provides an edge over rivals and an ability to create greater value for a firm and its stakeholders (investopedia.com, 2016).
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Britany Ebanks
12/14/2016 10:54:29 am
1. Competitive advantage is a circumstance that makes a company in a more superior business position.
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Dyan Archer
12/20/2016 08:08:49 pm
AC 3.1
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