Competitive Advantage and Special Interest Groups

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4 Terms

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What is Special Interest Groups

A special interest group is a group or organization works to try and influence laws, policies and behaviours in order to benefit a specific cause.

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What is competitive advantage?

Ability of a business to develop strategies that ensure it has an edge over its competitors

Business can outperform rivals in areas such as price, quality, speed, or innovation, helping it to attract more customers and achieve business objectives.

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What is Union

Special Interest Group:

Working on behalf of employees and usually organized into their industry, unions are there to improve conditions and wages for these employees.

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