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What is a competitive advantage?

What is a competitive advantage? Here are some definitions.

Noun
  1. something that places a company or a person above the competition
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Examples
Also, large producers are loath to green their products unless they see a competitive advantage to doing so.
However, when foreign competitors do not follow these good standards they gain competitive advantage because they can produce goods cheaper.
Shopkeepers that want to beat Tesco at their own game need to have a strong competitive advantage.
This means the day-long event will provide quality information about how to leverage IT for competitive advantage.
This means that Bulgarian organic farmers have a good competitive advantage on European markets.
Furthermore, the lost time may result in a competitive advantage for rivals.

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