favorable position vs favourable position

favorable position and favourable position both are nouns.

Word	Noun	Adjective	Verb	Adverb
favorable position	Yes	No	No	No
favourable position	Yes	No	No	No

As nouns, favorable position and favourable position are synonyms defined as:

favorable position and favourable position: the quality of being at a competitive advantage

Other synonyms of favorable position include superiority.

favorable position (noun)	favourable position (noun)
the quality of being at a competitive advantage	the quality of being at a competitive advantage