Fundamentals of Management: Essential Concepts and Applications (9th Edition)
9th Edition
ISBN: 9780133499919
Author: Stephen P. Robbins, David A. De Cenzo, Mary A. Coulter
Publisher: PEARSON
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Chapter 5, Problem 10DQ
Summary Introduction
To determine:
Is competitive advantage an important aspect for both profit and non-profit organization.
Introduction:
Competitive advantage is a condition or an aspect that puts a company in a much favorable condition or a much superior condition than its rivals.
Non-profit organizations are the businesses that do the trade without profit being their main objective, they are also known as 'non-stock corporations' example: charity, clubs and etc.
Profit organizations are traditional businesses with the primary motive of earning a profit. Therefore, profit organizations need to have distinctive features or a competitive advantage in order to get a better sum than its competitors. Therefore, this feature is crucial in them.
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Chapter 5 Solutions
Fundamentals of Management: Essential Concepts and Applications (9th Edition)
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