Question

A manufacturer of ophthalmic lasers currently sells its product in the United States and Europe. The firm has noted, however, that hospitals in developing countries are now interested in having this technology. This represents a(n) ______ for this firm.

Answer 1

This represents a competitive advantage for this firm.

What is Competitive advantage?

These are the factors which allow a company to generate more

sales or superior margins when compared to its market rivals.

All production companies have their various rivals which

produce similar products. In cases where a company has more

sales and customer interests , the company is said to have a

competitive advantage over the others.

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