Which term means an advantage over competitors due to greater value to consumers through lower prices or more benefits?

• A. Competitive advantage
• B. Charter tour
• C. Commercial recreation
• D. CVB

Answer: (A)

When a business delivers greater value to customers than its competitors—either by offering lower prices or by providing more benefits and better experiences—it gains a competitive advantage. In hospitality and tourism, this means attracting more guests because you’re either price-competitive or you differentiate with superior service, unique amenities, or enhanced experiences that others can’t easily match. A charter tour is simply a type of group travel arrangement. Commercial recreation refers to paid leisure activities offered to the public. A CVB, or Convention and Visitors Bureau, is an organization that promotes a destination to travelers and meetings, not the concept of having an edge over competitors.