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How does competitive advantage change in different products

Assignment Help Management Theories
Reference no: EM132419746

Questions:

  • One of your goals throughout the NewShoes simulation is to remain competitive so that your company can be successful in the long term.
  • How would you define competitive advantage?
  • Why is it important in the athletic industry to differentiate your business from the competition from a marketing standpoint?
  • Share 3-5 ways that you will ensure that consumers see you differently from your competitors. Provide an example of a firm that has clearly succeeded in standing out from its competitors.
  • How does this firm's business strategy help it to be unique in some way?

Peer Response: Competitive Marketplace

Instructions:

Question 1: How does competitive advantage change in different products or industries?

Question 2: Differentiate between competitive advantage, sustainable competitive advantage and strategic competitive advantage.


Please be sure to validate your opinions and ideas with citations and references in APA format.

Reference no: EM132419746

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