What is Competitive Advantage? | Meaning & Definition | Akrivia HCM

Competitive Advantage’ refers to a company’s advantage against the competition, which helps it remain in the business. The advantages could range from pricing, manufacturing process, better customer service, location of the company, etc. A positive competitive advantage can make a huge difference in a business’s success ratio because of its potential to produce lower costs, higher revenues, and higher profit margins.”

Let’s Recruit, Reward, and Retain
Your Workforce Together!

Request a Demo
Request a demo image