Nobelle, a chocolatier based in France, produces candy containing exotic ingredients from the rain forests of Brazil. The ingredients are provided by a single supplier who has an exclusive contract with Nobelle. The chocolate manufacturer thus has a great deal of power over the market. This is an example of ________.
A) competitive advantageB) strategic visionC) distinctive competenceD) strategic management

Question

13-12-2019
Social Studies

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Nobelle, a chocolatier based in France, produces candy containing exotic ingredients from the rain forests of Brazil. The ingredients are provided by a single supplier who has an exclusive contract with Nobelle. The chocolate manufacturer thus has a great deal of power over the market. This is an example of ________.
A) competitive advantageB) strategic visionC) distinctive competenceD) strategic management

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mandhlelaz mandhlelaz · Answer 1 · 2019-12-14T13:05:31+01:00

Answer:A) competitive advantage

Explanation:

What Is Competitive Advantage?

Competitive advantages refers to an ability of a company to produce goods or service in a way that puts them ahead of their competitors.

This mean they start to make more sales compared to their competitors in the same business.

A business find a way to produce their product in a much effecient way that may cost their customers less than what others charge in the same business for example customer will always for a cheaper substitute or similar products.

There is a 1)comparative advantage which is based on producing the similar products but in a more efficient way that their competitors which lead them to make more sale like having a cheaper product than their competitors.

2)Differential Advantage

This means a company produces a different service or product when compared to their competitors which set them apart and make them exceptional.

Such as coming up with advanced technology such as how Apple produces iPhone.