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  2. Competitive advantage - Wikipedia

    en.wikipedia.org/wiki/Competitive_advantage

    In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.

  3. Value added - Wikipedia

    en.wikipedia.org/wiki/Value_added

    [2] [3] Value added is a higher portion of revenue for integrated companies (e.g. manufacturing companies) and a lower portion of revenue for less integrated companies (e.g. retail companies); total value added is very nearly approximated by compensation of employees, which represents a return to labor, plus earnings before taxes ...

  4. Competition (economics) - Wikipedia

    en.wikipedia.org/wiki/Competition_(economics)

    In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater the selection of a good is in the market, the lower prices for the products typically are, compared to what the price would be if there was no ...

  5. Managerial economics - Wikipedia

    en.wikipedia.org/wiki/Managerial_economics

    Second-degree price discrimination occurs when firms can price products or services differently according to the number of units bought. Examples include quantity discounting, bulk pricing and two-for-one offers. [43] Third-degree price discrimination prices products or services differently based on the unique demographic of different groups ...

  6. Six forces model - Wikipedia

    en.wikipedia.org/wiki/Six_forces_model

    Complementary Products – assessment of the impact of related products and services within a given market Although there are a number of factors that can impact profitability in the short term – weather, the business cycle – an assessment of the competitive forces in a given market provides a framework for anticipating and influencing ...

  7. Porter's generic strategies - Wikipedia

    en.wikipedia.org/wiki/Porter's_generic_strategies

    A company chooses to pursue one of two types of competitive advantage, either via lower costs than its competition or by differentiating itself along dimensions valued by customers to command a higher price. A company also chooses one of two types of scope, either focus (offering its products to selected segments of the market) or industry-wide ...

  8. Why do people buy generic over brand-name products? It's ...

    www.aol.com/lifestyle/why-people-buy-generic...

    “Brand-name products are most popular in the beverage aisle, with around 68% choosing brand names over store brand alternatives — even at a higher price point,” note Balagtas and Bryant.

  9. Predatory pricing - Wikipedia

    en.wikipedia.org/wiki/Predatory_pricing

    Predatory pricing is a commercial pricing strategy which involves the use of large scale undercutting to eliminate competition. This is where an industry dominant firm with sizable market power will deliberately reduce the prices of a product or service to loss-making levels to attract all consumers and create a monopoly. [1]