Webad· van· tage əd-ˈvan-tij 1 : superiority of position or condition Higher ground gave the enemy the advantage. 2 : a factor or circumstance of benefit to its possessor lacked the advantages of an education 3 a : benefit, gain especially : benefit resulting from some course of action a mistake which turned out to our advantage

Webadvantage is anything that places a person in a favorable or superior position, esp. in coping with competition or difficulties: It is to your advantage to have traveled widely. benefit is anything that promotes the welfare or improves the state of a person or group: The new factory will be a great benefit to our town. profit is any valuable or useful gain, usu. …

Weba position of superiority (often followed by over or of): their advantage in experienced players. verb (used with object), ad·van·taged, ad·van·taging. to be of service to; yield profit or gain to; benefit. to cause to advance; further; promote: Such action will advantage our cause. OTHER WORDS FOR advantage 6 serve, avail, help, aid.

Webadvantage 1 of 2 noun 1 as in better the more favorable condition or position in a competition your experience volunteering at the hospital will put you at an advantage when you're applying for a job there Synonyms & Similar Words Relevance better edge opportunity odds vantage stead jump privilege margin superiority high ground benefit …

Webadvantage noun [ C or U ] uk / ədˈvɑːntɪdʒ / us a good feature that makes something better than similar things: have/get/gain an advantage Smaller businesses often have an …

Web1 [count] a : something (such as a good position or condition) that helps to make someone or something better or more likely to succeed than others Higher ground gave the enemy the/an advantage. He has/enjoys an unfair advantage over us because of his wealth. His plan has the advantage of being less expensive than other options. [+] more examples

Web22 thg 5, 2022 · What Is a Competitive Advantage? Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the...

Web10 thg 12, 2021 · Absolute advantage is the ability of an individual, company, region, or country to produce a greater quantity of a good or service with the same quantity of inputs per unit of time, or to produce...

Web1 thg 12, 2022 · What is a Comparative Advantage? In economics, a comparative advantage occurs when a country can produce a good or service at a lower opportunity cost than another country. The theory of comparative advantage is attributed to political economist David Ricardo, who wrote the book Principles of Political Economy and …

Web1 thg 12, 2022 · The first-mover advantage refers to an advantage gained by a company that first introduces a product or service to the market. The first-mover advantage enables a company to establish strong brand recognition and product/service loyalty before other entrants to the market.