Question

St. Jude Medical makes cardiovascular medical devices, including the world's most widely used mechanical heart valve. Its products include tissue heart valves, pacemakers, and implantable cardiovascular defibrillators. St. Jude's innovation in cardiac devices helps it outperform rivals, and thus provides it with

A Competitive advantage T/F

Answer 1

Competitive Advantage

Step-by-step explanation:

A competitive advantage refers to a condition that allows a company (e.g. St. Jude Medical) to offer better products than the competition at the same price, or offer similar products at a lower price.

In this specific case, St. Jude Medical is able to sell better products (mechanical heart valves, tissue heart valves, pacemakers, and implantable cardiovascular defibrillators) at similar prices than its competitors.

If a company offers a better product at a higher price, they do not have any type of competitive advantage. Competitive advantages result from higher efficiency and lower opportunity costs.

Answer 2

Answer:TRUE

Explanation: Competitive advantage is a term used in business or economics to refer to Opportunity gained by a business organization over others either through REDUCED PRICE,BETTER QUALITY OF PRODUCT OR SERVICE,THROUGH ECONOMIES OF SCALE, THROUGH INNOVATION etc an organization with a good Competitive advantage will generate more Revenue compared to others. Competitive advantage helps to make an organization better than others.