advantage


advantage
advantage ad‧van‧tage [ədˈvɑːntɪdʒ ǁ ədˈvæn-] noun [countable, uncountable]
something that helps you to be better or more successful than others:

• America's lead in aerospace is one of its most important competitive advantages.

• Government subsidies give these industries an unfair advantage.

advantage over

• It has an advantage over foreign manufacturers because of its flexible workforce.

ˌabsolute adˈvantage [countable]
ECONOMICS the advantage that one country has over another because it can make a product more cheaply:

• UK growth rates were below those of Europe and as a result an absolute advantage was turned into an absolute disadvantage.

comˌparative adˈvantage
1. [countable] ECONOMICS the advantage that one country has over another because it is better at making a particular product:

• America's comparative advantage in high technology

2. [uncountable] ECONOMICS the idea that countries should specialize in making the products that they are particularly good at making, and should import products that other countries are better at making. People who support this idea believe that it is the best way for all countries to become wealthier:

• Removing quotas allows comparative advantage to enrich the world.

comˌpetitive adˈvantage
[countable] COMMERCE an advantage that makes a company more able to succeed in competing with others:

• the product and marketing mix that gives the company a competitive advantage over its rivals

ˌfirst-mover adˈvantage [uncountable]
MARKETING the advantage a company has by being the first to sell a new product or provide a new service, when there is no competition from other companies
ˌlast-mover adˈvantage [uncountable]
MARKETING the advantage a company gains by being one of the last to sell a particular product or provide a particular service, when technology has improved and costs are very low
ˌsecond-mover adˈvantage [uncountable]
MARKETING the advantage a company gains by not being the first to sell a new product or provide a new service, when research and development costs (= the cost of studying new ideas and planning new products ) are lower and people have learned about the market from the experience of other companies

* * *

advantage UK US /ədˈvɑːntɪdʒ/ noun [C or U]
a good feature that makes something better than similar things: have/get/gain an advantage »

Smaller businesses often have an advantage in the area of customer relations.

advantage over sb »

Neither company appears to have a particular technological advantage over the other.

advantage for sb »

There are advantages for both employers and employees in flexible working hours.

the advantages of sth »

What are the advantages and disadvantages of outsourcing?

the advantages of doing sth »

Some firms may find that the advantages of using free software outweigh the disadvantages.

»

The British ferry operator complained that its French rivals had an unfair advantage because of government aid.

a big/huge/major advantage »

Online advertising can have some major advantages.

a great/important/significant advantage »

Foreign domestic investment brings important advantages through new technologies and enhanced access to overseas markets.

a clear/definite/distinct advantage »

There can be distinct advantages in having a dominant individual presence in the boardroom.

See also ABSOLUTE ADVANTAGE(Cf. ↑absolute advantage), COMPARATIVE ADVANTAGE(Cf. ↑comparative advantage), COMPETITIVE ADVANTAGE(Cf. ↑competitive advantage), FIRST-MOVER ADVANTAGE(Cf. ↑first-mover advantage), LAST-MOVER ADVANTAGE(Cf. ↑last-mover advantage), SECOND-MOVER ADVANTAGE(Cf. ↑second-mover advantage)
at an advantage — Cf. at an advantage
take advantage of sth — Cf. take advantage of sth
be to sb's advantage — Cf. be to sb's advantage
use sth to your (own) advantage — Cf. use sth to your own advantage

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Advantage — Ad*van tage (?; 61, 48), n. [OE. avantage, avauntage, F. avantage, fr. avant before. See {Advance}, and cf. {Vantage}.] 1. Any condition, circumstance, opportunity, or means, particularly favorable to success, or to any desired end; benefit; as,… …   The Collaborative International Dictionary of English

  • Advantage — may refer to:*A beneficial factor or combination of factors. *In tennis, advantage is when one player wins a point from a deuce and needs one more point to win the game. (See Tennis terminology#A) *In association football (soccer), advantage is a …   Wikipedia

  • advantage — 1 Advantage, handicap, allowance, odds, edge denote a factor or set of factors in a competition or rivalry giving one person or side a position of superiority over the other. Advantage is the general term, and implies superiority of any kind {the …   New Dictionary of Synonyms

  • advantage — [ad vant′ij, ədvant′ij] n. [ME avantage, avauntage < OFr avantage < avant, before < L ab + ante: see ADVANCE] 1. a more favorable position; superiority: often with of or over 2. a favorable or beneficial circumstance, event, etc. 3. gain …   English World dictionary

  • Advantage 2 U — (Пуне,Индия) Категория отеля: Адрес: Flat 504, Tower 13, Blue Ridge Co.Op. Hsg. Soc …   Каталог отелей

  • Advantage — Ad*van tage, v. t. [imp. & p. p. {Advantaged}; p. pr. & vb. n. {Advantaging}.] [F. avantager, fr. avantage. See {Advance}.] To give an advantage to; to further; to promote; to benefit; to profit. [1913 Webster] The truth is, the archbishop s own… …   The Collaborative International Dictionary of English

  • advantage — (n.) early 14c., avantage, position of being in advance of another, from O.Fr. avantage advantage, profit, superiority, from avant before, probably via an unrecorded L.L. *abantaticum, from L. abante (see ADVANCE (Cf. advance)). The d is a 16c.… …   Etymology dictionary

  • advantage — ► NOUN 1) a condition or circumstance that puts one in a favourable position. 2) Tennis a score marking a point interim between deuce and winning the game. ► VERB ▪ be of benefit to. ● take advantage of Cf. ↑take advantage of …   English terms dictionary

  • advantage — I noun accommodation, aid, approval, ascendancy, asset, assistance, authority, avail, behoof, benefit, choice, convenience, dominance, easement, edge, eminence, expedience, favor, favorable opportunity, favoring circumstance, gain, good, head… …   Law dictionary

  • advantage — [n] benefit, favored position or circumstance aid, ascendancy, asset, assistance, authority, avail, blessing, boon, break, choice, comfort, convenience, dominance, edge, eminence, expediency, favor, gain, good, gratification, help, hold,… …   New thesaurus


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