Definition of "competitive advantage" []

• Something that places a company or a person above the competition (noun)

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• "The product characteristics may be driven by a quality strategy, a low-cost strategy, or a quality-cost combination that creates competitive advantage on a value basis."
• ""We have no competitive advantage from a product standpoint," says Joseph Caballero , chief executive of GulfShore Bank."
• "Black males have not been able to find work either in the shrinking job markets in agriculture, mining, and manufacture, nor in the people-processing and information-processing fields, where better-educated literate white women have had a strong competitive advantage over them."