Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Identifying competitive advantages can be difficult and explains why they are typically __________.

Sagot :

ayokenny2001

Identifying competitive advantages can be difficult and explains why they are typically temporary.

What is competitive advantage?

Competitive advantages are economic factors that enables a company be ahead of its competitors when it is able to produce goods which are similar to its competition at a cheaper rate. It is the ability of a company to produce goods more efficiently than its competitors, which leads to greater profit margins.

Examples of competitive advantage are:

  • Access to natural resources that are restricted from competitors.
  • Highly skilled labor.
  • Unique geographic location.

Hence, Identifying competitive advantages can be difficult and explains why they are typically temporary.

Learn more about competitive advantage here: https://brainly.com/question/26356446

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.