Definition, Meaning & Synonyms

competitive-edge

Noun

/kəmˌpɛtɪtɪv ɛdʒ/

Definition

A unique advantage that a company or individual has over their competitors, which allows them to outperform in the market.

Examples

Having a strong brand can give a business a significant competitive edge.
Investing in innovative technologies often provides a competitive edge in the tech industry.
Businesses strive to develop a competitive edge to attract more customers than their rivals.

Meaning

Competitive edge refers to the favorable position or benefit that an entity has over others in the same field, enabling it to achieve greater success or market share.