Asked by anthony triguero on Jun 19, 2024
Verified
When looking for a competitive advantage, one of the best tools for survival is looking at the mistakes of other businesses.
Competitive Advantage
Competitive advantage occurs when a business possesses a unique feature, capability, or position that allows it to outperform competitors.
Survival
The ability of a person, organization, or entity to continue to exist or operate despite facing obstacles or adversity.
Mistakes
Actions or judgments that are wrong or incorrect, often leading to undesirable outcomes, but can serve as valuable learning experiences.
- Identify the function of competitive edges and tactics in maintaining and expanding a business.
Verified Answer
Learning Objectives
- Identify the function of competitive edges and tactics in maintaining and expanding a business.
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