Competitive advantage is a term used to describe the strategic advantage a business has over its competitors. This advantage can be gained through a variety of methods, such as having a better product or service, lower prices, or more efficient processes. EDGE is a four-letter word that refers to the advantage a business has over its competitors. HEADSTART is a nine-letter word that describes the advantage a business has by beginning something before its competitors. INSIDETRACK is an eleven-letter word that refers to the advantage a business has by having access to information or resources that its competitors do not have.