Business terms and jargon explained. Your business dictionary

What is Competitive Advantage

This term is used in the business world to make a distinction on why a company in a particular sector is more profitable and is more appealing to the customer then another company in the same sector.

Having a competitive advantage is the difference between being in business and not being in business, also being average and being the best.

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Term created / updated 2005-09-03 12:13:51

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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