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Simple English definitions for legal terms

competitive advantage

Read a random definition: part-performance doctrine

A quick definition of competitive advantage:

Competitive advantage refers to the advantage a business has over its competitors. This advantage can come from information, ideas, or devices that are kept secret and can be used to improve the business's market share or increase its income. Essentially, it means being better than others in some way that customers value and are willing to pay for.

A more thorough explanation:

Competitive advantage refers to the advantage a business has over its competitors in terms of information, ideas, or devices that are kept secret and can be used to improve the business's market share or increase its income.

For example, a company that has developed a new technology that is not yet available to its competitors has a competitive advantage. This technology can be used to produce products that are better than those of its competitors, giving the company an edge in the market.

Another example is a business that has a strong brand reputation. Customers are more likely to choose this business over its competitors because they trust the brand and believe that its products or services are of higher quality.

These examples illustrate how having a competitive advantage can help a business succeed in a competitive market. By keeping certain information or ideas secret, a business can differentiate itself from its competitors and attract more customers.

competency | competitive advertising

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babybunny
17:05
hehehe
I like curse freaks too
trees1234567
17:06
chag!!! hope you’re happily enjoying your summer before you kill it at UT
babybunny
17:06
you’re real as fuck for that
babybunny
17:07
i have been working like a dog you guys
The Smiths, Radiohead, TV girl etc
babybunny
17:07
i have a full time job and two internships
babybunny
17:07
I love the smiths. what? I said i love the smiths
omg yes!
I love that you know that reference
babybunny
17:08
i get compared to summer all the time tbh
babybunny
17:08
comes with the territory of being a girl with big eyes and art hoe tastes
I'm done trying to get into law school. Just going to go play dead in some grass somewhere. Good luck all.
KnowledgeableRitzyWasp
17:10
noo battle brother
KnowledgeableRitzyWasp
17:11
don’t surrender
Tom is me in that I am also a hopeless romantic
babybunny
17:17
me too it’s a very dangerous thing to be
babybunny
17:17
also i fear i may never learn that you’re not necessarily compatible with someone just because you like the same things
babybunny
17:18
got home and the ducky is still so cute i love life
@babybunny: yeah... I learned that after my last heartbreak which culminated in my lung randomly collapsing
Plant my feet and bitterly breathe up the time that's passing
anyone have advice on submitting an additional rec letter after WL even if the admissions officer said it's not necessary? rec letter is from someone affiliated with the school..
I would still do it
18:01
not someone claiming they got accepted from the SMU WL
One of my waitlist allowed me to submit a fifth letter of rec after submitting 4 in my initial applicstion
18:03
I just hope SMU gives me a chance once my test results post :’)
If it’s another prof, I would ask the law school if it’s okay if the new recommender submitted another letter directly to admissions team, if they say yes definitely go for it
18:05
I only have one LOCI for them left and I’m waiting to use it when my last results release, otherwise I would
manifestmoreadmissions
21:02
valley SMU would be so lucky to have you you would be such an asset
22:56
Awww thank you manifest :’)
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