Q7) what is meant by competitive advantage explain in your own words? What unique quality in your opinion will make your firm have comparative advantage? How can this competitive advantage be achieved? How can competitor be kept in check? What attribute will make the product have in competitive advantage explain in points? Part II) how does strategic management assist in gaining competitive advantage what synergy be achieved? What analysis is required in gaining competitive advantage in the industry (your point of view)?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Q7) what is meant by competitive advantage explain in your own words? What unique quality
in your opinion will make your firm have comparative advantage? How can this competitive
advantage be achieved? How can competitor be kept in check? What attribute will make the
product have in competitive advantage explain in points?
Part II) how does strategic management assist in gaining competitive advantage what synergy
be achieved? What analysis is required in gaining competitive advantage in the industry (your
point of view)?
8
24
R
Transcribed Image Text:Q7) what is meant by competitive advantage explain in your own words? What unique quality in your opinion will make your firm have comparative advantage? How can this competitive advantage be achieved? How can competitor be kept in check? What attribute will make the product have in competitive advantage explain in points? Part II) how does strategic management assist in gaining competitive advantage what synergy be achieved? What analysis is required in gaining competitive advantage in the industry (your point of view)? 8 24 R
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