The following are some of the competitive advantages that can last longer:
I. proprietary technology
II. protected markets with high barriers to entry by other firms
III. strategic assets that competitors cannot easily duplicate

Question

Quizplus · Accepted Answer

All three options - proprietary technology, protected markets, and strategic assets - provide a sustainable competitive advantage that is difficult for competitors to replicate. Proprietary technology gives the firm an edge because competitors cannot easily copy it. Protected markets with high barriers to entry make it difficult for new entrants to break into the market and compete with existing firms. Strategic assets are unique assets that provide a competitive advantage over a longer period of time, such as a strong brand or an exclusive distribution network. Overall, firms that possess all three of these competitive advantages are likely to remain successful and outperform their competitors in the long run.

The Following Are Some of the Competitive Advantages That Can