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What hAS US manufacturers done to regain a competitive edge?
In an attempt to regain a competitive edge, United States firms have
What is the definition of competitive supply?
list examples of competitive supply
If a monopolistically competitive firm is making profits, how is it able to maintain its competitive edge in the market?
A monopolistically competitive firm can maintain its competitive edge in the market by offering unique products or services that differentiate it from competitors, creating brand loyalty among customers, and effectively marketing its products to attract and retain customers. Additionally, the firm may also benefit from barriers to entry that prevent new competitors from easily entering the market.
Of what benefit to consumers is a firm's competitive advantage?
Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.
What is the most effective price competition strategy for gaining a competitive edge in the market?
The most effective price competition strategy for gaining a competitive edge in the market is implementing a dynamic pricing strategy. This involves adjusting prices in real-time based on factors such as demand, competition, and market conditions to maximize profits and stay ahead of competitors.
