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AP Business with Personal Finance›Unit 1: Businesses, Competition, and New Ideas›Businesses, Competition, and New Ideas

Markets and Competitive Advantage

Supply, demand, and competition set prices; a competitive advantage (cost, differentiation, or focus) lets a business win customers.

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Unit 1: Businesses, Competition, and New Ideas

  • What Is a Business?
  • Markets and Competitive Advantage
  • How Business Ideas Originate

Next topic

How Business Ideas Originate

220daysGet the AP Business score you want.Free diagnostic, then a day-by-day Exam Sprint to exam day.

Best teachers for this topic

1MAMAKO
  • 2IQRA
  • 3Jacob Clifford
  • 4CrashCourse
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    Also called: competitive advantage, market structure, supply and demand business