Nobelle, a chocolatier based in france, produces candy containing exotic ingredients from the rain forests of brazil. the ingredients are provided by a single supplier who has an exclusive contract with nobelle. the chocolate manufacturer thus has a great deal of power over the market. this is an example of
a) competitive advantageb) strategic visionc) distinctive competenced) strategic management

A) competitive advantage

Explanation:

What Is Competitive Advantage?

Competitive advantages refers to an ability of a company to produce goods or service in a way that puts them ahead of their competitors.

This mean they start to make more sales compared to their competitors in the same business.

A business find a way to produce their product in a much effecient way that may cost their customers less than what others charge in the same business for example customer will always for a cheaper substitute or similar products.

There is a 1)comparative advantage which is based on producing the similar products but in a more efficient way that their competitors which lead them to make more sale like having a cheaper product than their competitors.

2)Differential Advantage

This means a company produces a different service or product when compared to their competitors which set them apart and make them exceptional.

Such as coming up with advanced technology such as how Apple produces iPhone.

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