Building a Competitive Advantage

Hello I need help with the following:

Purpose of Assignment

The purpose of this assignment is to help students understand how manufacturing and service companies can maximize their competitive advantage. The Porter Model is discussed as a method to categorize and assess businesses and industries.

Assignment Steps

Write a 1,050-word report in which you address the following:

Introduction
Examine and discuss competitive strategies that manufacturers can use to gain competitive advantage.
Appraise costing and financial strategies for manufacturing and service companies.
Identify value chain strategies for both manufacturing and service companies.
Discuss (Porter’s Model) and categorize (NAICS) the industry of a company the Learning Team selects.
Conclusion

Cite 3 scholarly references, including at least one peer-reviewed reference from the University Library.

Format your paper consistent with APA guidelines.

(Please see attached grading guide)

Answer Preview…………….

Introduction

Many manufacturing and service companies are always looking for a competitive advantage, but few get to understand it or how to acquire or maintain it. A competitive advantage is achieved by offering the consumer a better value than the competitors, which include offering lower prices, quality products, and services and providing after sales services that justify the high price. The best competitive advantage is the strategy that is hard to be copied by other companies. Experts suggest that competitive edge is any activity that results in a superior value ………………

APA 1140 words