Explain the term Competitive advantage?

The selected Industry here is the retail industry.  (ALDI)  Conduct research to find articles or academic sources that explain the competitive forces driving your selected industry. List and explain at least 3 competitive forces, including global forces if applicable. Additionally, select a specific corporation (ALDI) within your chosen industry and explain whether the competitive forces you identified for the industry apply specifically to your chosen corporation. Be sure to post at least 2 references in support of your explanations and conclusions.

Define competitive analysis and why is it so critical to a firm’s long term viability?

Discuss the competitive forces in the business environment using Porter's Five Forces framework, examining the influence of factors such as industry rivalry, supplier power, buyer power, threat of new entrants, and threat of substitutes.