What Does advantage Mean
When it comes to determining the etymological origin of the term advantage, we have to make it clear that it is found in a French word: avantage , which, in turn, emanates from the adverb avant , which can be translated as "before" and which derives from the word Latino abante .
An advantage is a superiority or an improvement of something or someone with respect to another thing or person . It can be defined as a favorable condition that something or someone has. For example: "The local team has an advantage since its rival has four injured players" , "The advantage of this refrigerator is that it consumes 15% less energy compared to similar models from other brands" , "It bothers me that you wanted to take advantage of the situation ” .
The concept of advantage is common in sports or scoring games . The advantage is a situation of supremacy that a player or a team has until they can achieve the victory. If a soccer team beats its rival 3 to 2, it can be said to have a one goal advantage.
Similarly, within the sports field, the concept of advantage is often used to refer to the points that one team scores against another in the classification table of a given competition. Thus, for example, we could express the following sentence: "FC Barcelona is eight points ahead of Real Madrid."
All this without forgetting that there is the term advantage player. This is used to refer to the person who participates in the game of a specific game or in a competition and who performs all kinds of cheats to be able to proclaim himself the winner. Specifically, it is considered that he not only uses caution and cunning but also various deceptions to achieve his purpose.
The notion is also used in economics and finance . The comparative advantage is one that enjoys one country over another for the development of a product because it is able to produce at lower cost. A country like Argentina has comparative advantages for agricultural production since the natural environment facilitates such tasks.
The competitive advantage , moreover, is an advantage that has a company against its competitors. This advantage can be brand equity, a technological patent, the capacity of its human resources or a state protection, for example.
It is vital to be clear that for any advantage to be considered competitive and to be effective as well as efficient, it must be qualified or identified by the following hallmarks: it can be applied to several different situations that take place within the market, it must be fully compliant with existing legal regulations, it must be possible to maintain it and it must also make a considerable difference with respect to that offered by the competition.
Specifically, among the types of competitive advantages that a certain company can have over another are the superior qualities of its products or the good reputation that it has.
It should be noted that the idea of taking advantage or using the advantages is accepted within the framework of healthy competition. On the other hand, if someone tries to take advantage of a confusion or a complex moment, the attitude will be condemned on a social level.