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How do companies generally get a leg up on the competition? Can you provide any instances of similar methods?
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- Can you think of firms that have successfully created a competitive advantage even though other firms provide essentially the same thing? What factors enable this success?How can we assess the competitive landscape and identify potential competitors and market trends?How difficult is it to createsustainable competitive advantages?
- The barrier to entry that helps reduce the threat of new entrants for an incumbent firm using a cost-leadership strategy would mean _______ 1.Having a substantially lower cost compared to competitors 2.Being able to charge a higher price than competitors 3.Having a substantially higher cost compared to competitors 4.Being able to command a higher cost than competitors from its suppliersWhat is your organization`s competitive advantage?how to increase market share in a highly competitive industry? what are the challenges and what strategy should be followed?