The major opportunities for developing competitive advantage have traditionally included cost, quality, knowledge, timing, barriers to entry, and financial resources.

Competitive Advantage

The unique attributes or combination of attributes that allow an organization to outperform its rivals and achieve superior profitability.

Barriers To Entry

Obstacles or challenges that make it difficult for new competitors to enter a market or industry.

Financial Resources

Refers to the funds that are available to a business, organization, or individual for spending in order to achieve their goals.