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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

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